4501-3 FRANKFORD AVE, Philadelphia, PA 19124

Property Description

4501-03 Frankford Ave, Philadelphia, PA 19124 — 12-Unit Mixed-Use Investment Property Asking Price: $1,500,000 Prime investment opportunity in the heart of Frankford! This 12-unit, CMX-2 zoned mixed-use building consists of 10 residential apartments and 2 ground-floor retail storefronts, generating a strong combined rental income of approximately $12,200 per month. This stabilized, income-producing asset offers reliable cash flow in a rapidly developing commercial corridor. Both retail spaces benefit from excellent visibility and foot traffic, while the residential units remain in steady demand. Property Highlights Address: 4501-03 Frankford Ave, Philadelphia, PA 19124 Asking Price: $1,500,000 Zoning: CMX-2 Total Units: 12 (10 apartments + 2 retail storefronts) Monthly Income: ≈ $12,200 Annual Gross Income: ≈ $146,400 Real Estate Taxes: $7,348/year Unit Mix: Variety of studio and 1-bedroom units (confirm as needed) Occupancy: Fully occupied with stable tenants Retail Tenants: Established businesses on active leases Buyer responsible for conducting their own due diligence Property being sold strictly in as-is condition Seller makes no warranties regarding zoning, condition, or permitted uses Proof of funds or pre-approval required with all offers Do Not Disturb Tenants — Showings require advance notice Financial Snapshot Gross Annual Income: $146,400 Taxes: $7,348 Approx. Net Operating Income (NOI*): $139,052 *NOI based solely on taxes provided; additional expenses would modify this figure. Cap Rate at $1,500,000 Cap Rate = NOI ÷ Purchase Price = 139,052 ÷ 1,500,000 ≈ 9.27% → Approx. Cap Rate: 9.3%

Listing Status:

Active

Listing Office:

RE/MAX Preferred - Cherry Hill : 8566162626

Listing Agent:

ARAFAT FARHAT : 6093525803

MLS ID:

PAPH2565998

Interior

• A/C: Other
• Heating: OtherNatural GasElectric
• Disability Feature: None

Construction

• General: BrickConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX2232487300

Utilities

• Utilities: Water availableSewer availableNatural gas availableElectric available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: tenants belongings

This listing courtesy of ARAFAT FARHAT, RE/MAX Preferred - Cherry Hill