7,054 SqFt
7,054 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 7,054 sqft
Price per Sqft $70
Subdivision Frankford
MLS Listing ID PAPH2530564
Year Built 1935
Available Date 2025-09-03
Annual Tax Amount $4,009
Tax Year 2025
Lot Size 4,576 Sqft
Acres 0.11
Lot Dimensions 26.00 x 171.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The commercial unit is currently rented to a church which is paying $1,800/month while the four residential units are currently occupied with one of them vacant and each unit pays as follows: 1F – Vacant, 1R - $1150, 2F - $900, 2R - $900, 3rd floor - $1000. The property currently grosses $5,750/month and $69,000/year. All of the units are powered by electric only; there is no gas. The tenants pay for the electric while the landlord covers the common area electric and water for the building. There is also an active rental license in place for the residential units.
This cash flow for the 6-unit building is perfect for an investor looking to add 6 more units to their rental portfolio. You won't even need to put any work into the units; you will have immediate cash flow from day one. Configured for office/storefront use with apartments above, this property is ideal for a variety of commercial and residential applications. The CMX2 zoning supports retail, office, and residential combinations, making it a versatile addition to any investment portfolio. Located in a growing area with strong visibility and accessibility, the building benefits from proximity to neighborhood amenities, public transportation, and major roadways. Its size, layout, and vacancy allow for immediate redevelopment, occupancy, or income-producing potential.
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Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning CMX2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
View Street
Accessibility None
Garage N
Building
Lot Description Road Frontage
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871111300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Other, Conventional
Listing Terms Cash, Other, Conventional
Financing Cash,Other,Conventional
Special Listing Condition Standard
Virtual Tour https://view.ricoh360.com/fe99d21d-66bd-46b2-9485-674bc1983a39
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