1516 Arrott St,PHILADELPHIA, PA 19124
PHILADELPHIA, PA 19124
Description
Live in One, Rent the Rest: Frankford Quadruplex with CRA Financing and $15,000 in Credits. House hack alert. This property qualifies for CRA financing with just 3% down, no PMI, and an interest rate lower than FHA. Stack a $5,000 lender credit with the Philly First Home $10,000 grant, applied to closing costs or prepaids, and an owner occupant can step into an income producing building for a fraction of what most buyers spend on a single family home. The buyer must occupy the property as their primary residence to qualify. Welcome to a rare multi unit opportunity in the heart of Frankford. This three story brick twin has 4 units with one studio and three one bedroom units, each with its own full bathroom. One front entrance and two side entrances keep resident access simple and private, accessible from the rear of the first floor unit, adds storage or expansion potential. Two units are rented and two are vacant, giving a new owner immediate income plus the flexibility to move in, renovate, or lease at market rates. Total rental potential is approximately $3,000 per month, and the fully renovated building next door shows exactly where this corridor is heading. Frankford keeps you connected: the Market Frankford Line and the Frankford Transportation Center put Center City within easy reach, with shopping and dining along Frankford Avenue nearby. Occupied units require 24 hour notice for showings. Whether you are an owner occupant looking to live nearly payment free or an investor adding a value add asset, this one checks the boxes. Schedule your private showing today.
Details
| MLS # | PAPH2661824 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1935 |
| Days On Site | 13 |
| Listing Provided By | LPT Realty, LLC | Maria Maria Quattrone Quattrone |
Features
| SQ Feet | 2,268 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | RSA3 |
| Acreage | 0.05 |
| Property View | Street |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Exterior Features | Sidewalks, Street Lights |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2658 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| Community Name | FRANKFORD |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANKFORD) | |
Price: $250,000 low | high Med: $174,900 sqft: 2,268 low | high Med: 1,300 $ / sqft: $110 low | high Med: $135 On site: 13 low | high Med: 35 | |
Market Activity 19124
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| Community Name | FRANKFORD |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANKFORD) | |
Price: $250,000 low | high Med: $174,900 sqft: 2,268 low | high Med: 1,300 $ / sqft: $110 low | high Med: $135 On site: 13 low | high Med: 35 | |
