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2554 56 Frankford Avenue

Philadelphia, PA 19125

– beds
– baths
– sqft
1,147 sqft lot
2023 build

Discover a prime investment opportunity in the heart of East Kensington, where these two meticulously designed triplexes at 2554-56 Frankford Ave redefine urban living. With luxurious spaces and a secure future backed by 10-Year Tax Abatements through 2033, these residences promise both immediate returns and enduring growth. Nestled amidst the East Kensington renaissance, these triplexes stand at the epicenter of a thriving community. The area is undergoing transformative projects, ensuring continuous appreciation for your investment. Each building comprises two generous two-bedroom, one-bathroom units and one expansive three-bedroom, three-bathroom bi-level unit, offering ample living space tailored for modern lifestyles. Adorned with top-notch features, including modern tile, flooring, and cabinet finishes, complemented by energy-efficient LED lighting, these triplexes offer both functionality and elegance. Unit One boasts a private backyard, offering a tranquil oasis in the midst of the city. Unit Three features a private roof deck access, providing breathtaking views of the cityscape and the iconic Philadelphia skyline. Enjoy seamless access to Center City and beyond, thanks to the proximity to the Market-Frankford Line. Additionally, you'll find yourself steps away from the vibrant culinary scene, with flourishing restaurants, bars, and coffee shops lining Frankford Avenue. These income-producing properties are not just residences; they are assets that promise both immediate returns and long-term growth. Don't miss this chance to enhance your investment portfolio with properties that align with Philadelphia's promising future. The opportunity to own these triplexes won't last long. Schedule an appointment today to experience the charm and potential of these East Kensington gems.

Listing courtesy of BRIGHT / Sell Your Home Services

Last checked: Checking… • Last updated Nov 10, 2024 •

MLS# PAPH2418648 —

The Building

Year Built:

2023
Year Built Source:

Estimated
New Construction:

Yes
Construction Materials:

Brick Front, Frame, Metal Siding, Vinyl Siding
Construction Completed:

No
Building Units Total:

4
Structure Type:

Interior Row/Townhouse
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Other
Basement:

Yes
Basement Type:

Other
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor

Interior

Flooring Type:

Vinyl
Fireplace:

No
Wall & Ceilings:

9'+ Ceilings
Living Area SqFt Source:

Assessor

Room Dimensions

Living Area SqFt:

0 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional
Possession:

Immediate

Location

Directions:

From E Lehigh Ave, turn right to Frankford Ave
Latitude:

39.98451000
Longitude:

-75.12486000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

20.00 x 71.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,147 Sqft
Zoning:

CMX2
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

885371560
Tax Year:

2024
Tax Annual Amount:

$3,173
Tax Assessed Value:

$226,700
Year Assessed:

2024
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Energy Star Cooling System, Heat Pump(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Heat Pump - Electric BackUp
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Other
Electric Service:

200+ Amp Service
Hot Water:

None
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Exterior Features:

Street Lights
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Units Furnished:

None
Two Bedroom Units:

4
Three Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/10/24 Nov 10, 2024	Listed / Active	BRIGHT	$2,100,000

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This multifamily located in River Wards, Philadelphia, PA 19125 is currently for sale for $2,100,000. 2554 56 Frankford Avenue is a – square foot multifamily with – beds and – baths. 2554 56 Frankford Avenue is in the River Wards neighborhood of Philadelphia and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of Kensington High School, Henry A. Brown Academics Plus School, Kensington Health Sciences Academy, and Kensington Creative And Performing Arts High School.

Listing Courtesy of: BRIGHT and Sell Your Home Services.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.