2221 Frankford Avenue

Philadelphia, PA 19125

$615,000
Last Sold Price
1,312 / 0.03
Lot Size / Acres

Description

Shovel-ready multifamily development opportunity in Fishtown on Frankford Avenue - located at the epicenter of Philadelphia's most popular neighborhood. This is Philly's new "high street" lined with authentic and original merchants, businesses and residents alike. Plans are optimally designed and fully-approved for a 4,667 SF 4-storey building with three (3) luxury residences atop a ground floor commercial studio. The residential apartments have been engineered to sell as for-sale condos but can...Shovel-ready multifamily development opportunity in Fishtown on Frankford Avenue - located at the epicenter of Philadelphia's most popular neighborhood. This is Philly's new "high street" lined with authentic and original merchants, businesses and residents alike. Plans are optimally designed and fully-approved for a 4,667 SF 4-storey building with three (3) luxury residences atop a ground floor commercial studio. The residential apartments have been engineered to sell as for-sale condos but can also be held as cash-flowing rentals that will achieve top-of-market rents. Each residence is bi-level (upper units are tri-level) with roughly 1300 SF open concept flooplans. The lower unit has a home office/flex space plus private garden. The upper units have private skyline rooftop terraces and balconies. The Location is home to Philly's best restaurants and shops and The Property is ideally designed to derive maximum value whether it's built to sell or held for investment purposes. The full 10 year tax abatement has been secured. Enquire within for permits, plans and due diligence materials.

Listing Agent

  1. Ryan McManus

    Ryan McManus

    Listing Agent

    Compass

Property Details for 2221 Frankford Avenue

Tax ID Number
311163500
Ownership
Fee Simple
HOA
No
Waterfront
No
Views
City
Garage
No
Expected On Market Date
07-12-2022
Subdivision
FISHTOWN

Location

Add your commute
LISTING UPDATED: 01/13/2023 09:25 AM

Property Details for 2221 Frankford Avenue

StatusClosed
MLS #PAPH2133396
Days on Market139
Taxes$5,362 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built2017
Lot Size0.03 AC
CountyPhiladelphia County

Building

2221 Frankford Ave

2 StoriesBuilt in 2017

Location

Add your commute

Building Information for 2221 Frankford Avenue

Lot Size0.03 AC

Payment Calculator

$3,803 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,356

Property Taxes

$447

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2221 Frankford Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19125 (19125)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $383,100
  • Year Assessed: 2023
  • Improvement Assessed Value: $306,480
  • City Town Tax: $2,420
  • Clean Green Assessed: No
  • Land Use Code: O50
  • Historic: No
  • Zoning: CMX2
  • Tax Lot: 123
  • School Tax: $2,942
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 17.00 x 79.00
  • Lot Dimensions Source: Assessor
  • Current Use: Apartments
  • Location Type: Urban
  • Parcel ID: 1066379
  • Additional Parcels: No
Utilities
Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 2221 Frankford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2221 Frankford Avenue

Taxable ValueLand$76,620Additions$306,480Total$383,100
Tax Record2023$5,363 ($447 / month)
Home Facts
Beds0Total Finished SqFt2,259 SqFtAbove Grade Finished SqFt2,259 SqFtStories3Lot Size1,312 SqFtStyleCondominiumYear Built1875ZoningCMX2CountyPHILADELPHIAAPN31-1-1635-00

Schools near 2221 Frankford Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Hackett Horatio B School
PublicPK to 5

Penn Treaty Middle School
Public6 to 12

Amy At Martin
Public6 to 8

The U School: Innovative Lab
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.