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Image 1 - 2516 Frankford Ave, Philadelphia, Pennsylvania, 19125 - House for sale
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Home For Sale In Philadelphia, Pennsylvania
2516 Frankford Ave, Philadelphia, Pennsylvania, 19125

Home For Sale In Philadelphia, Pennsylvania

house for sale
22 views
Listed: 01/17/24

2516 Frankford Ave, Philadelphia, Pennsylvania, 19125

7 Bed:
7 Bath:
2,555 Sq Ft Living Area:
Save
Price
$ 795,000

About This House

Rare Development Opportunity - Entitled 6 Units On a High Preforming Corridor. Location Details CMX-2 Zoned for commercial, 5 residential units above 1 and 2 bed units and roof deck. Eligible for a 10 year tax abatement upon completion of construction. Central to large and midsize development.Located in a Qualified Opportunity Zone Strategy 1 - Bring the building to lease ready condition for a projected $4100 gross monthly income to cover the estimated $4000 monthly debt service. Pursue approvals on plans and pull permitting. factoring in expediting and response time from examiners you'll begin work in the spring time, which will aline with the ideal rental cycle for stabilizing the building. Strategy 2 - For an offer price of$825, 000Seller …  Full description

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Kensington Housing & Living

Average sale prices for houses

2 bed
3 bed
Show as List Show as Graph
In May 2024, the asking price for 2 bed houses for sale in/near Kensington, Philadelphia, United States averaged $270,783, a decrease of 14.6% from the previous month.
Median price trends for properties for sale in Kensington, Philadelphia, United States as of May 2024.

Household Income

Median household income: $46,116
Number of households: 608,233
The average household income in Philadelphia, PA grew from $39,759 to $46,116 in the past year. This data is an estimate based upon 608,233 households in Philadelphia, PA.
The chart below presents how household income is distributed in Philadelphia, PA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Philadelphia, PA compared to median property taxes around the country. The prevalent amount of property taxes in Philadelphia, PA equals $800-$1,500 , which is less than the national average.