1516 Arrott St, Philadelphia, PA 19124
- $250,000
- 2,268
- SqFt
- List Price
- $250,000
- Days on Market
- 0
- Status
- COMING SOON
- MLS#
- PAPH2661824
- Living Area
- 2,268
- Lot Size (Acres)
- 0.05
- Style
- Colonial
- Year Built
- 1935
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property 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.
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Additional Information
- Area
- 19124 (19124)
- Subdivision
- Frankford
- Taxes
- $2658
- Stories
- 3
- School District
- The School District Of Philadelphia
- Exterior Features
- Sidewalks, Street Lights
- View
- Street
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of LPT Realty, LLC. Contact: 8773662213
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