4328 Frankford Ave

Philadelphie, PA 19124

Exceptional opportunity! Mixed use three story building on Frankford Ave, convenient to public transportation. First floor is the commercial space with rear storage, powder room, and kitchenette. First floor exits to the backyard and provides access to the basement. A separate entrance provides access to the second and third floors each with two, one bedroom apartments. The third floor provides access to the roof. The apartments are all electric, heating and cooking. Tenants pay their own electric bill. The building has a fire alarm system, CO2 pull alarms, and security cameras in the hallway and outside the building. All four units are occupied. Rental assistance is provided to three tenants through Section 8 and a fourth tenant through the Bridge Program. Leases are available for review. Cap rate 13%. Commercial space is currently used by the Property Manager for storage and as a work area. It can be rented for $500-$1000/ month., increasing the income potential. Property is being sold As Is. Commercial space will be cleared prior to Settlement. 24 hour notice required for showings. Showings Monday through Friday.