Philadelphia, PA 19122,1211 N FRANKLIN ST
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Philadelphia, PA 19122,1211 N FRANKLIN ST
Philadelphia, PA 19122,1211 N FRANKLIN ST
Philadelphia, PA 19122,1211 N FRANKLIN ST
Philadelphia, PA 19122,1211 N FRANKLIN ST

$745,000

Est. payment /mo

$769,900

3.2%
Est.Price: ?

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1211 N FRANKLIN ST Philadelphia, PA 19122

3,500 SqFt

SOLD DATE : 03/22/2017

Key Details

Sold Price $745,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 3,500 sqft

Price per Sqft $212

Subdivision South Kensington

MLS Listing ID 1003211765

Sold Date 03/22/17

Style Other

HOA Y/N N

Abv Grd Liv Area 3,500

Originating Board TREND

Year Built 2017

Annual Tax Amount $816

Tax Year 2016

Lot Size 1,368 Sqft

Acres 0.03

Lot Dimensions 16X87

Property Description

Rarely offered new construction triplex in South Kensington/Northern Liberties perfect for investors or owner occupants. This ideal investment property is located just a few steps from Girard Ave creating a convenient lifestyle with easy access to transportation and a short walk to all of the action in Fishtown and Northern Liberties. This property features 3 units constructed with quality craftsmanship and upgraded finishes throughout and includes approved 10 Year Tax Abatement. Total projected rents at approximately $5350/month or $64,000/annually. All units have separate utilities including separate water meters. Each unit includes finished in place hardwood flooring, upgraded kitchens with European styled cabinets, quartz countertops, subway tile backsplash, stainless steel appliances, custom metal railings, washer/dryer in each unit, and video intercoms. Exterior recessed entry is constructed of high-end Brazilian Ipe hardwood siding. Bathrooms have modern 12x24 porcelain tile and brushed nickel plumbing fixtures. Unit 1 includes a bi-level 3bd/2ba with private rear yard $1950/month - Unit 2 includes 2bd/1ba $1625/month - Unit 3 includes 2bd/1ba with private roof deck and center city skyline views $1775/month. A savvy investor could also convert this building into condos and sell each unit for over 300K. Units are currently listed for rent so the building may be delivered fully occupied or can be delivered with vacant units for owner occupants. Possibilities are endless for this great investment opportunity in one of Philly's hottest neighborhoods.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning RM1

Rooms

Other Rooms Primary Bedroom

Basement Full, Fully Finished

Interior

Interior Features Sprinkler System

Hot Water Electric

Heating Electric, Forced Air

Cooling Central A/C

Flooring Wood, Tile/Brick

Fireplace N

Heat Source Electric

Laundry Washer In Unit, Dryer In Unit

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 141064200

Ownership Fee Simple

Security Features Intercom

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Bright MLS (BMLS)
Listed by Eric R Fargnoli • RE/MAX One Realty
Bought with Christopher E Carnall • Keller Williams Main Line

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

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