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Listed by Carson Merine • Keller Williams Main Line
$275,000
Est. payment /mo
3,964 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Holmesburg
MLS Listing ID PAPH2631336
Year Built 1945
Annual Tax Amount $2,359
Tax Year 2021
Lot Size 3,964 Sqft
Acres 0.09
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Prime mixed-use investment opportunity in the heart of Holmesburg! 8002-8004 Frankford Avenue offers two side by side, mixed use duplexes being sold together, creating a rare four-unit income-producing asset in a highly visible commercial corridor on Frankford Avenue. The portfolio consists of two first floor commercial spaces and two upper-level residential apartments, providing a desirable blend of commercial and residential income streams. The residential units are currently occupied and generating strong rental income of $1,350/month and $1,300/month. One commercial space is owner-occupied, while the second commercial unit is vacant, presenting an excellent opportunity for an owner-user, new tenant placement, or additional income growth. Each building features separate utilities, with tenants responsible for their own electric and gas. The owner currently pays water and sewer. The commercial units offer flexible layouts with basement access, while the residential apartments provide spacious living areas and attractive layouts that appeal to long-term tenants. Situated on a prominent stretch of Frankford Avenue in the thriving Holmesburg neighborhood, the property benefits from excellent visibility, strong traffic counts, convenient public transportation access, and proximity to shopping, dining, and neighborhood amenities. This is an ideal opportunity for investors seeking stable cash flow with value-add potential or business owners looking to occupy space while collecting rental income from the remaining units. Don't miss this unique chance to acquire two side by side, mixed use buildings with multiple income streams in one of Northeast Philadelphia's established commercial corridors.
Location
State PA
County Philadelphia
Area 19136 (19136)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat,Rubber
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871585170
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Nearby School & Business
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