4736 FRANKFORD AVE, Philadelphia, PA 19124 – PAPH2358996

$313,000

Est. payment -/mo

$310,000

1.0%

Est.Price: ?

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4,653 SqFt

SOLD DATE : 08/13/2024

Key Details

Sold Price $313,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,653 sqft

Price per Sqft $67

Subdivision Frankford

MLS Listing ID PAPH2358996

Sold Date 08/13/24

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $2,437

Tax Year 2023

Lot Size 2,672 Sqft

Acres 0.06

Lot Dimensions 22.00 x 124.00

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.

Location

State PA

County Philadelphia

Area 19120 (19120)

Zoning CMX2

Interior

Hot Water Natural Gas, Electric

Heating Central, Heat Pump - Electric BackUp

Cooling Central A/C

Heat Source Natural Gas, Electric, Central

Exterior

Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871529410

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System,Security System

Acceptable Financing Cash, Conventional, Negotiable, Other

Listing Terms Cash, Conventional, Negotiable, Other

Financing Cash,Conventional,Negotiable,Other

Special Listing Condition Standard

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Don Perrin

don@milvets.us +1(703) 819-4655

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Listed by Paul D Campanella • BHHS Fox & Roach-Southampton
Bought with Thao T Nguyen • Keller Williams Real Estate-Montgomeryville

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655