Property

Philadelphia, PA 19125 240 E Girard Avenue

Pending
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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2421778
  • 11/22/2024
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  • Beds • 9

Home Details

$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
Presented By: Keller Williams Liberty Place

Interior Features for 240 E Girard Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelCentral
Heating Y/NYes
Hot WaterNatural Gas

General for 240 E Girard Avenue

AccessibilityElevator
Architectural StyleUnit/Flat
Cap Rate8.40
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsUSE GPS
Garage Y/NNo
HeatingCentral
Lot Size Square Feet2575.00
Lot Size UnitsSquare Feet
MLS Area19125 (19125)
ModificationTimestamp2025-05-07T09:47:47
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total2
One Bedroom Units Count9
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG230.08
Property ConditionExcellent
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeOther
Tax Annual Amount24411.0
Tax Assessed Value1743900.0
Tax Lot333
Tax Year2025
Total SQFT10505
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningCMX2

Exterior for 240 E Girard Avenue

Land Assessed Value174390.00
Land Use CodeCA0
Lot Dimensions35.00 x 74.00
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $2,417,000
MLS#PAPH2421778
List Date 11/22/2024
Property Type Pending
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