SoldMar 22, 2017

Listed by Eric Fargnoli

Source: TREND #3yd-TRENDPA-6911548

1211 N Franklin St, Philadelphia, PA, 19122

$745,000

0.03 ac.

Other

Sold: Mar 22, 2017

What's around 1211 N Franklin St

Row/Town/Clu,Triplex - PHILADELPHIA, PA

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.

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