CHARIS REALTY GROUP

4501-3 FRANKFORD AVENUE

PHILADELPHIA, PA 19124

MLS#: PAPH2565998

$1,500,000

Status: Active
Listing number: PAPH2565998
Listing provided by: RE/MAX Preferred - Cherry Hill
Listing agent phone: None
Last update: 16 days ago
On site: 5 months ago
Browse Properties
FRANKFORD - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1935

Sq.Footage

11,384

4501-03 Frankford Ave, Philadelphia, PA 19124 12-Unit Mixed-Use Investment Opportunity | CMX-2 Zoning Asking Price: $1,500,000 Exceptional opportunity to acquire a fully occupied 12-unit mixed-use property in the heart of the rapidly developing Frankford commercial corridor. This income-producing asset consists of 10 residential apartments and 2 highly visible ground-floor retail storefronts, offering strong in-place cash flow with long-term upside potential. Positioned on a prominent corner along bustling Frankford Avenue, the property benefits from excellent visibility, consistent foot traffic, and strong rental demand for both residential and commercial spaces. Currently generating approximately $12,200 per month ($146,400 annually) in gross income, this stabilized asset is ideal for investors seeking dependable cash flow with future appreciation potential. Property Features 12 Total Units 10 Residential Apartments 2 Ground-Floor Commercial Storefronts CMX-2 Zoning Fully Occupied with Stable Tenancy Strong Existing Rental Income Prime Corner Location with High Visibility Retail Spaces Occupied by Established Businesses Mix of Studio and 1-Bedroom Apartments Separately Positioned Residential & Commercial Income Streams Located Along an Active Commercial Corridor with Ongoing Redevelopment Financial Overview Gross Monthly Income: Approximately $12,200 Gross Annual Income: Approximately $146,400 Real Estate Taxes: $7,348/year Approximate NOI*: $139,052 Approximate Cap Rate: 9.3% *NOI calculation based solely on taxes provided. Buyer to verify all operating expenses, income, leases, and financial information independently. Sale Terms & Showing Instructions Property is being sold strictly in as-is condition Seller makes no representations or warranties regarding condition, zoning, or permitted use Buyer responsible for conducting their own due diligence Proof of funds or pre-approval required with all offers Do Not Disturb Tenants Showings by appointment only with advance notice This is a rare opportunity to acquire a stabilized mixed-use asset with immediate income and long-term growth potential in one of Philadelphia’s evolving investment corridors.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.11

  • Lot Size(square feet)

    4942.0

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,500,000

  • Tax Amount

    $7,348

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of ARAFAT FARHAT , RE/MAX Preferred - Cherry Hill

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Agent Lizzy Isenberg

AGENT

Lizzy Isenberg

Call Lizzy today to schedule a private showing.

(814) 937-8644

lizzy@charisrealty.com


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4501-03 Frankford Ave, Philadelphia, PA 19124 12-Unit Mixed-Use Investment Opportunity | CMX-2 Zoning Asking Price: $1,500,000 Exceptional opportunity to acquire a fully occupied 12-unit mixed-use property in the heart of the rapidly developing Frankford commercial corridor. This income-producing asset consists of 10 residential apartments and 2 highly visible ground-floor retail storefronts, offering strong in-place cash flow with long-term upside potential. Positioned on a prominent corner along bustling Frankford Avenue, the property benefits from excellent visibility, consistent foot traffic, and strong rental demand for both residential and commercial spaces. Currently generating approximately $12,200 per month ($146,400 annually) in gross income, this stabilized asset is ideal for investors seeking dependable cash flow with future appreciation potential. Property Features 12 Total Units 10 Residential Apartments 2 Ground-Floor Commercial Storefronts CMX-2 Zoning Fully Occupied with Stable Tenancy Strong Existing Rental Income Prime Corner Location with High Visibility Retail Spaces Occupied by Established Businesses Mix of Studio and 1-Bedroom Apartments Separately Positioned Residential & Commercial Income Streams Located Along an Active Commercial Corridor with Ongoing Redevelopment Financial Overview Gross Monthly Income: Approximately $12,200 Gross Annual Income: Approximately $146,400 Real Estate Taxes: $7,348/year Approximate NOI*: $139,052 Approximate Cap Rate: 9.3% *NOI calculation based solely on taxes provided. Buyer to verify all operating expenses, income, leases, and financial information independently. Sale Terms & Showing Instructions Property is being sold strictly in as-is condition Seller makes no representations or warranties regarding condition, zoning, or permitted use Buyer responsible for conducting their own due diligence Proof of funds or pre-approval required with all offers Do Not Disturb Tenants Showings by appointment only with advance notice This is a rare opportunity to acquire a stabilized mixed-use asset with immediate income and long-term growth potential in one of Philadelphia’s evolving investment corridors.

4501-3 FRANKFORD AVENUE

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