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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%
Presented By: RE/MAX Preferred - Cherry Hill