Description

We’ve identified a high-leverage “Standard Rental” or “Starter Flip” opportunity in Frankford. 4815 Griscom St is a 1,114 sqft interior rowhome featuring solid brick construction and a manageable footprint. This pocket is seeing a significant uptick in renovation activity, with top-tier finishes pushing deep into the $200k+ range. With a finished basement and traditional “Straight-Thru” layout, this is a prime candidate for a BRRRR or a retail flip.

Specs: 3 BR / 1 BA | 1114 SQFT | Year Built: 1920 | Zoning: RM1 | Basement: Finished

💰 The Money & ARV:
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Target Rent: $1,450 – $1,600/mo (High demand near the Market-Frankford Line)

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Est. Rehab: $76,866 (Heavy cosmetic overhaul/mechanicals at $60/sqft + 15% inflation buffer)

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Realistic ARV: $221,000 (Anchored by 1335 Fillmore St)

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Aggressive ARV: $237,500 (Ceiling proven by 1629 Foulkrod St)

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The Spread: Over $100k in potential equity, providing a massive safety net for a heavy-lift renovation.

🚀 Why this deal? Frankford is all about transit and block stability. This property is located just blocks from the Arrott Transportation Center, ensuring high occupancy rates for landlords. Your comp data shows a very tight 0.2-mile radius of activity, with renovated rows hitting $220k–$237k while shells on Fillmore St are trading at $118k–$129k. By securing this asset at the right entry point, you are capturing a massive delta in a neighborhood that historically moves fast and has high rental demand.