Franklinville Homes under $200,000

Franklinville Homes under $200,000

Welcome to Franklinville, a vibrant and welcoming subdivision nestled in the heart of Philadelphia, Pennsylvania. This charming community offers a unique blend of urban convenience and suburban tranquility, making it an ideal choice for first-time homebuyers, families, and anyone looking to invest in a flourishing neighborhood.

Franklinville boasts an array of homes under $200,000, providing an excellent opportunity for those seeking affordable living in a city known for its rich history and cultural diversity. These homes typically feature classic architectural styles, spacious layouts, and modern amenities that cater to today’s lifestyle. Imagine settling into a cozy three-bedroom row home with a quaint backyard, perfect for family gatherings or a peaceful retreat after a busy day.

The subdivision is well-connected to the rest of Philadelphia, with easy access to public transportation, major highways, and a variety of shopping and dining options. Residents enjoy the convenience of nearby parks, recreational facilities, and community centers, promoting an active and engaged lifestyle. Franklinville is also home to numerous schools, ensuring that families have access to quality education for their children.

In addition to its affordability and accessibility, Franklinville is rich in community spirit. Neighbors come together for local events, fostering a sense of belonging that is often hard to find in larger urban settings. If you're looking for a place to call home where you can thrive, Franklinville is waiting for you. Explore the possibilities today and discover your perfect match in this remarkable Philadelphia neighborhood!

Newest Franklinville Homes under $200,000

3910 N Marshall St, Philadelphia
$185,000
4 Beds ⋅ 3 Baths ⋅ PAPH2641988 MLS
This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA. HWA home warranty will be included in the sale of the property. Flexible Duplex Investment Opportunity! This duplex offers multiple income-producing possibilities with a flexible layout, making it an ideal opportunity for both investors and owner-occupants. The property includes a rental license for two residential rental units. The second floor features a 2-bedroom, 1-full bath apartment that is currently tenant-occupied, and the tenant would like to remain after the sale, providing immediate rental income for the new owner. The first floor offers a 2-bedroom, 2-full bathroom unit with access to a full basement, which includes an additional full bathroom and additional common area, adding even more flexibility and functionality. Units A and B are currently leased through October 2nd, generating $1,400 and $1,300 per month. The property is all-electric, with no gas service, and includes a recently installed water meter (approximately two years old). A small backyard provides outdoor space for tenants or personal enjoyment. The property has a valid use permit for a duplex and active rental license. This property qualifies for CRA financing with 3% down, no PMI, and an interest rate lower than FHA for qualified buyers. Additionally, KeyBank is offering a $5,000 lender credit, which may be combined with the Philly First $10,000 Grant. The lender credit may be applied toward closing costs, prepaid mortgage expenses, hazard or flood insurance, escrow deposits, real estate taxes, or per diem interest. The property is being sold strictly AS-IS. The seller will not make any repairs or provide credits for repairs. Zoning compliance would be the buyer’s responsibility. A minimum of 24 hours' notice is required for all showings due to the occupied units. Key Bank is offering a 5K credit for this property which can be tied in with the Philly First 10K grant. The 5K credit can be applied toward closing costs or to prepay mortgage, flood/hazard insurance, escrow deposit, real estate taxes, or per diem interest. Conveniently located near Hunting Park, Marcus Foster Memorial Stadium, Mann Recreation Center, shopping, dining, and public transportation, this property offers easy access to everyday amenities and major commuter routes. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property presents an outstanding opportunity. Schedule your private showing today!

3910 N Marshall St, Philadelphia

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INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. Listings courtesy of WEST PENN MULTILIST, INC.

Listings courtesy of Pike Wayne Association of Realtors as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.