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Mixed-Use

East Kensington Portfolio

2600 Frankford Ave, Philadelphia, PA 19125

Listing Price: $1,600,000

Cap Rate
5.04%
Number of Units
8
Occupancy
97.0%
Price/Unit
$200,000

Investment Overview

Marcus & Millichap is pleased to present 2600, 2601, & 2766 Frankford Avenue. The multi-family/mixed-use portfolio is composed of seven 1-bedroom units, one 2-bedroom unit, one commercial space, and a garage space. The investment is located in the East Kensington neighborhood of Philadelphia. This former industrial area, revitalized by artists in the 1990s, is now a hipster hot-spot pulsing with art galleries and trendy boutiques. The property is about a mile from the Piazza - a shopping and dining complex located under luxury apartments. Locals head to this area for global restaurants, craft beer halls and dance clubs, or to the Liberties Walk pedestrian mall for bike paths and unique shops. With easy access to the rest of the city, the properties are located 5 blocks from the Somerset Station of SEPTA's Market-Frankford Line.

Investment Highlights

  • 5 Blocks from Market-Frankfort Line
  • 2600 & 2601 Frankford Located in Qualified Opportunity Zone
  • Blocks from hipster hot-spot pulsing with art galleries and trendy boutiques

Exclusively Listed By

Listing Price: $1,600,000

Cap Rate
5.04%
Number of Units
8
Occupancy
97.0%
Price/Unit
$200,000

Investment Highlights

  • 5 Blocks from Market-Frankfort Line
  • 2600 & 2601 Frankford Located in Qualified Opportunity Zone
  • Blocks from hipster hot-spot pulsing with art galleries and trendy boutiques

Investment Overview

Marcus & Millichap is pleased to present 2600, 2601, & 2766 Frankford Avenue. The multi-family/mixed-use portfolio is composed of seven 1-bedroom units, one 2-bedroom unit, one commercial space, and a garage space. The investment is located in the East Kensington neighborhood of Philadelphia. This former industrial area, revitalized by artists in the 1990s, is now a hipster hot-spot pulsing with art galleries and trendy boutiques. The property is about a mile from the Piazza - a shopping and dining complex located under luxury apartments. Locals head to this area for global restaurants, craft beer halls and dance clubs, or to the Liberties Walk pedestrian mall for bike paths and unique shops. With easy access to the rest of the city, the properties are located 5 blocks from the Somerset Station of SEPTA's Market-Frankford Line.

Exclusively Listed By

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