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Address
821 N Franklin Street Philadelphia, PA
Price
$ 949,999
Property Attributes
  • MLS#PAPH1002402
  • TypeTownhouse
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19123
  • NeighborhoodNORTHERN LIBERTIES
  • Zip19123
  • StyleTraditional
  • Year Built1915
  • Taxes$ 12180
  • Price$ 949,999
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3216
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
Space & Company
Data Source:
Bright MLS
Property Description

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.

Price History
4/3/2021 Listed $949,999

General Features

Accessibility None
Appliances Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Washer
Architectural Style Traditional
Association Y/N No
Basement Full
Bathrooms Count Main Level 2.00
Bathrooms Full Main Level 2
Condo/Coop Association Y/N No
Construction Materials Masonry, Brick, Stucco
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 73
Garage Y/N No
Heating Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Interior Features Wood Floors
Levels 3
MLS Area 19123 (19123)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 295.4
Property Type Residential
Senior Community Y/N No
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name NORTHERN LIBERTIES
Tax Annual Amount 12180.0
Tax Lot 72
Tax Year 2021
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Above Grade Finished Area 3216
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Basement Y/N Yes
Bathrooms Count All Upper Levels 2
Bathrooms Count Upper Level 1 2.00
Bathrooms Full All Upper Levels 2
Bathrooms Full Upper Level 1 2
Bedrooms Count All Upper Levels 3
Bedrooms Count Upper Level 1 3
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Full Baths 4
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Laundry Type Basement, Dryer In Unit, Washer In Unit
Living Area 3216
Main Level Bedrooms 3
Total Baths 4
Total Bedrooms 6

Exterior Features

Lot Dimensions 18.00 x 102.00
Lot Size Acres 0.04
Lot Size Source Assessor
Lot Size Square Feet 1836.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Townhouse Average in 19123

Price
AVG $790K
$950K
Taxes
AVG $4,271
$12,180
Visits
AVG 79
67
Year Built
AVG 1977
1915

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