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Todd. Levinson

Principle & Lead Agent of LivinPhilly

  • Cell 267-243-3819
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1551 N Franklin St, PHILADELPHIA, PA – $889,900

  • $890k Price
  • 4,130 Sqft
  • .02 Acres
  • 91 DOM
  • $890k Price
  • 4,130 Sqft
  • .02 Acres
  • 91 DOM

1551 N Franklin St

Back on the market. Their loss, your gain! Fully occupied newer construction mixed-use triplex with 9 years left in tax abatement! Over 4100 total sq. ft. A cash flowing, 4 story corner lot, and located in the booming Olde Kensington area, this property is a great investment opportunity. Bi-level commercial Unit rented for $1,900/mo , residential Unit #1 for $1400/mo, and Unit #2 for $2,400/mo . That is a cap rate of over 7%! (investment analysis attached). Unit #1 is on a Month-to- Month in case new owner would like to be owner-occupant. Commercial Unit is a large bi-level unit with separate side entrance, a backyard, a large ADA restroom and a second restroom on the lower level for convenience. Unit 1 is a 1 bed/1 bath apartment with open floor plan, modern energy-efficient appliances, in-unit laundry, and beautiful finishes. Unit 2 is a bi-level 3 bed/2.5 bath apartment which has a spectacular rooftop deck with 360-degree views of the city, master suite, in-unit laundry, and a bonus area that can be used as a dining are, home office space, or just as an open space for entertaining. Some spectacular features include quartz counter-top kitchens, modern appliances, laminate flooring, luxurious vanity and elegantly tiles baths, walk-in closet, fiberglass roof deck, brick facade, high ceilings, security cameras, video doorbell intercom, etc. This is a rare investment opportunity, in a great area, at a great value!

Essential Information

  • MLS® #PAPH2089342
  • Price$889,900
  • Bathrooms0.00
  • Square Footage4,130
  • Acres0.02
  • Year Built2020
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address1551 N Franklin St
  • Area19122
  • SubdivisionOLDE KENSINGTON
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19122

Interior

  • HeatingForced Air
  • CoolingCentral A/C
  • # of Stories4

Exterior

  • ExteriorBrick Veneer, Vinyl Siding
  • Lot DescriptionCorner Lot

School Information

District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

  • ZoningCMX-2

Listing Details

  • OfficeKeller Williams Philly
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Listing information last updated on August 13th, 2022 at 3:15am EDT.