About 4429 Frankford Ave
Excellent opportunity to own a 3-story mixed-use building in the heart of Frankford, offering 4 total units, including 3 residential units and a spacious commercial space and flexible zoning - CMX2. With 2,565 square feet of finished space above grade and a lot size of 3,765 square feet, this property provides endless potential for an investor, developer, or owner-occupant.
The commercial unit is currently vacant but was rent for $1,600/month while the three residential units are currently occupied with one of them vacant and each unit pays as follows: 2F – $1,800, 2R - $700, 3rd floor - $800. The property currently grosses $3,300/month and $39,600/year with the potential to make $4,900/month and $58,800/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. All the residential units are currently on month to month leases.
This cash flow for the 4-unit building is perfect for an investor looking to add 4 more units 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.
This property can also be purchased in a package deal with the following properties: 4431 Frankford Ave, 4435 Frankford Ave, 4437 Frankford Ave, 4455 Frankford Ave, 4467 Frankford Ave.
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