2223 Frankford Avenue

Description

**Updated Rents and Income** - Want to own a building with a cool new Brewery and 2 apartments? Well then make sure to check out this turnkey 3 unit Commercial Mixed Use Building in the heart of Fishtown+GGs Frankford Avenue Business Corridor. 2023 RE taxes actually DECREASED for this building. Low Annual Real Estate Taxes at $2,704. The 1st Floor commercial space is operated by Brewery ARS under a multi year NNN lease. The 2nd Floor is 2BR/1 Bath and 3rd floor is 1BR/1 Bath. Zoned CMX-2. Updates: New roof, new exterior paint, new brick pointing, new concrete front step, new windows throughout, new carpet throughout, new front door/new brewery door. Apartment 3 had a new kitchen installed a couple years back, newer washer dryer, new lighting fixtures, new bathroom vanity, new carpet, fresh paint. Apartment 2 has fresh paint, newer kitchen countertop, new bathroom vanity, new light fixtures. First floor Brewery has done some major plumbing and electrical upgrades along with lots of aesthetically appealing cosmetics. Very attractive exposed brick and modern look. The Basement also had some plumbing, electrical upgrades and a new Bilco door.Quick access to multiple business corridors, highways and bridges. Walk to Girard or Berks station of Market Frankford Line and you are in Center City in 2 stops. Giving you complete access to all Philadelphia has to offer in approx 5 minutes time. Fishtown was rated one of Forbes Magazine+GGs Hottest Neighborhood in America just a few years ago and this home is a part of the newly created Fishtown Kensington Area Business Improvement District (FKABID) $418 annual pmt, which helps keep the corridor safe, clean and helps the owners with a variety of items to keep the corridor thriving. This building is also surrounded by several Federal Opportunity Zones and tons of new development. Leases, Income/Expenses, Building drawings and Disclosures are uploaded on to Bright MLS. Current Gross Annual Income - $$52,128