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4736 Frankford Avenue

PHILADELPHIA, PA 19124
  • $310,000
  • STATUS: Active Under Contract
  • ON SITE: 51 Days
  • ID#: PAPH2358996
Under Contract
UPDATED: 54 min ago
$310,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:

School Ratings & Info

School District:

Description

Three-story building (4,653 sq/ft) with four units on bustling Frankford Avenue. High CAP rate and ROI potential. Commercial/residential mixed-use building is perfect for an investor's portfolio or end-user. First floor consists of retail or office space (currently renting a section out as an apartment). Second floor has a 2-bedroom, 1-bath unit as well as a studio apartment with bathroom in the hallway. Third floor has a large 2-bedroom, 1-bath unit. All tenants are up-to-date with payments and in good standing. Month-to-month leases and there are no deposits to exchange. Rent has not been raised in years. Potential CAP rate of 9%+. New main sewer line in 2024. 1st- and 2nd-story roofs replaced in 2024. Alarm system updated and connected to the city in 2024.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-19T18:58:50.67.
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4736 Frankford Avenue PHILADELPHIA, PA 19124

  • Price: $310,000
  • Status: Active Under Contract
  • On Site: 51 Days
  • Updated: 54 min ago
  • ID#: PAPH2358996
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1930
Built
Neighborhood:
Frankford
County:
Philadelphia
Area:
19120 (19120)
School District:
Philadelphia City
Property Description
Three-story building (4,653 sq/ft) with four units on bustling Frankford Avenue. High CAP rate and ROI potential. Commercial/residential mixed-use building is perfect for an investor's portfolio or end-user. First floor consists of retail or office space (currently renting a section out as an apartment). Second floor has a 2-bedroom, 1-bath unit as well as a studio apartment with bathroom in the hallway. Third floor has a large 2-bedroom, 1-bath unit. All tenants are up-to-date with payments and in good standing. Month-to-month leases and there are no deposits to exchange. Rent has not been raised in years. Potential CAP rate of 9%+. New main sewer line in 2024. 1st- and 2nd-story roofs replaced in 2024. Alarm system updated and connected to the city in 2024.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Business District Parking Types On Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4653.00 Cooling Central A/C Heating CentralHeat Pump - Electric BackUp Heating YN Yes Net Square Feet 2672.00 Security Features Fire Detection SystemSecurity System

Property Features

Acceptable Financing CashConventionalNegotiableOther Accessibility Features 2+ Access Exits Central Air YN Yes Cooling Fuel Natural GasElectric Cross Street Oxford AveFoulkrod St Heating Fuel Natural GasElectricCentral Historic YN No Hot Water Natural GasElectric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803099005044 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 2437.00 Tax Lot 271 Transportation Bus Stop less than 1 mileCommuter Rail Station less than 1 mileMetro/Subway Station less than 1 mile Utilities Electric AvailableNatural Gas AvailablePhone AvailableSewer Available Vacation Rental YN No Water Source Public Zoning CMX2

Listing courtesy of BHHS Fox & Roach-Southampton: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-19T18:58:50.67.
 
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131 Woodcutter St, Suite 100
Exton PA, 19341