Excellent opportunity to own a 3-story mixed-use building in the heart of Frankford, offering 4 total units and flexible zoning - CMX2. The property boasts 3,811 square feet and sits on a 2,402 square foot lot. The commercial unit is currently vacant but was previously rented to a daycare which was paying $1,900/month while the three residential units are currently occupied and each unit pays as follows: 2F - $900, 2R - $750, 3rd floor - $850. The property currently grosses $2,500/month and $30,000/year. When the commercial unit is leased the gross rent each reaches $4,400/month and $52,800/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 cashing flowing 4 unit building is the perfect property for an investor looking to add 4 more doors 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. This is a rare chance to secure a sizable mixed-use property with endless possibilities. Schedule your showing today!

Listing courtesy of RE/MAX @ HOME



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