Description
JBMP Group is pleased to extend to qualified investors the opportunity to acquire 2476-78 Frankford Ave, a 6 unit value-add development located in the heart of Fishtown, Philadelphia. The Property presents the unique opportunity to acquire a well located, cash flowing investment with significant upside potential located in the highly sought after 19125 zip code. The Property is perfectly positioned in the market as a convenient and affordable option for graduate students and young professional renters as rates in 19125 continue to increase dramatically year-over-year. The new owner will have the opportunity to complete cosmetic updates on the units with minor layout changes to increase the rent roll to market rates. The unit mix consists of four (4) two bedroom units, and two (2) three bedroom units. Each unit in the proposed renovation plan would remove a bedroom and bathroom, bringing the layouts up to market expectations with an open-concept floorplan and modern finishes.
Virtual tours in the media section; OM available on request. 24 hour notice for all tours.
Location
Courtesy of: JBMP Group Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th August, 2022 10:31 AM (UTC)
