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1828 Frankford Ave
For Sale $4,695,000
$4,695,000
- 10 Units
- Unknown Sq Ft
- 3,239 Sq Ft
- Unknown Cap Rate
Description
Select Commercial Advisors is pleased to present the opportunity to acquire a turnkey 6.0% cap rate multifamily asset with a 10-year tax abatement in Fishtown, featuring 9 luxury residential units and 1 commercial space located on a prime, high-visibility corner of bustling Frankford Avenue. Acquire this high-quality, low-maintenance, new-construction property designed by Ambit Architecture and built by Grit Construction. Delivered 100% leased, the property offers both steady cash flow and strong future upside driven by the rapidly-developing Fishtown/Northern Liberties submarket. Ownership has secured an attractive triple-net commercial lease on a ten year term with Taylor Chip for the 1,650 square foot ground floor retail space. As new construction deliveries in this submarket slow down over the next 1-2 years, demand is expected to outpace supply, driving further rental growth in this vibrant and rapidly appreciating neighborhood. This is a unique opportunity for investors to acquire a high-quality, income-producing asset and capitalize on a growing market with significant long-term upside. Contact listing agent for full offering memorandum.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,695,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 183050100 |
| MLS # | PAPH2432498 |
| Property ID | 295517510 |
| Lot Sqft | 3,239 |
| Zoning | CMX2 |
| Total Units | 10 |
| Days on Market | 14 |
| Original List Price | Unknown |
| Date Updated | January 06, 2025 |
| Date Created | January 05, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Samantha Lee Miller an agent of . Lic #RS352351
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Data last updated: January 19, 2025.
Robert Crawford
REAL ESTATE AGENT