821 N FRANKLIN Street
821 N FRANKLIN Street Philadelphia, Pennsylvania 19123 United States

$949,999
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Space & Company

Listing Courtesy of Space & Company
3,216 Sq Ft.
Interior
.04 Acres
Exterior
Multi Family
Property type
1915
Year Built
PAPH1002404
Web Id
PAPH1002404
MLS ID
NORTHERN LIBERTIES
Subdivision
Philadelphia City
School District
7
days ago

About 821 N FRANKLIN Street

821 N Franklin Street, a four-unit multifamily property located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This 3,200 SF building was fully renovated in 2017, including the addition of a roof deck for the top unit. This property is well positioned to continue to maintain strong occupancy and rent appreciation while requiring minimal maintenance and upkeep. It is an incredible balance of stability and upside, as the current rental rates are under market for this quality of product in Northern Liberties. Northern Liberties has been one of the most in demand residential neighborhoods for years. Rental growth has been unmatched as rents on a per square foot basis have continually grown at roughly 5% year over year. 821 N Franklin Street greatly benefits from this exposure, and offers a new investor an immediate opportunity to increase rents. The top unit has a tenant scheduled to take possession in May, and the other three current tenants are in place on month-to-month leases, creating a significant opportunity to lease out each of those units with fresh terms and simultaneously increasing rents. This presents an immediate value add opportunity with a recently renovated property in one of the most prominent neighborhoods in Philadelphia. Please reach out for the full offering brochure with more information.

Listing Courtesy of Space & Company

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This IDX information 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.

Amenities

  • Dishwasher
  • Wood Floors

features

cooling
Electric
Style
Traditional

PROPERTY INFORMATION

Appliances
Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Washer
Basement
Full
Cooling
Central A/C
Heating
Central
Sewer
Public Sewer
Style
Traditional

INTERIOR

Interior Features
Wood Floors

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of Space & Company