4,942 Sqft Lot
4,942 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Frankford
MLS Listing ID PAPH2565998
Year Built 1935
Annual Tax Amount $7,348
Tax Year 2025
Lot Size 4,942 Sqft
Acres 0.11
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
12-Unit Mixed-Use Investment Opportunity | CMX-2 Zoning
Asking Price: $1,500,000
Exceptional opportunity to acquire a fully occupied 12-unit mixed-use property in the heart of the rapidly developing Frankford commercial corridor. This income-producing asset consists of 10 residential apartments and 2 highly visible ground-floor retail storefronts, offering strong in-place cash flow with long-term upside potential.
Positioned on a prominent corner along bustling Frankford Avenue, the property benefits from excellent visibility, consistent foot traffic, and strong rental demand for both residential and commercial spaces.
Currently generating approximately $12,200 per month ($146,400 annually) in gross income, this stabilized asset is ideal for investors seeking dependable cash flow with future appreciation potential.
Property Features
12 Total Units
10 Residential Apartments
2 Ground-Floor Commercial Storefronts
CMX-2 Zoning
Fully Occupied with Stable Tenancy
Strong Existing Rental Income
Prime Corner Location with High Visibility
Retail Spaces Occupied by Established Businesses
Mix of Studio and 1-Bedroom Apartments
Separately Positioned Residential & Commercial Income Streams
Located Along an Active Commercial Corridor with Ongoing Redevelopment
Financial Overview
Gross Monthly Income: Approximately $12,200
Gross Annual Income: Approximately $146,400
Real Estate Taxes: $7,348/year
Approximate NOI*: $139,052
Approximate Cap Rate: 9.3%
*NOI calculation based solely on taxes provided. Buyer to verify all operating expenses, income, leases, and financial information independently.
Sale Terms & Showing Instructions
Property is being sold strictly in as-is condition
Seller makes no representations or warranties regarding condition, zoning, or permitted use
Buyer responsible for conducting their own due diligence
Proof of funds or pre-approval required with all offers
Do Not Disturb Tenants
Showings by appointment only with advance notice
This is a rare opportunity to acquire a stabilized mixed-use asset with immediate income and long-term growth potential in one of Philadelphia's evolving investment corridors.
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 232487300
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Negotiable, Seller Financing
Listing Terms Cash, Conventional, FHA, Negotiable, Seller Financing
Financing Cash,Conventional,FHA,Negotiable,Seller Financing
Special Listing Condition Standard
Nearby Locations
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