Excellent addition to a real estate portfolio! Well maintained income producing mixed use 4 unit rental property in the Frankford section of Philadelphia. This property contains a very large commercial space on the first floor and 3 one bedroom apartments on the 2nd and 3rd floor. 1st floor commercial space is currently rented to a community outreach group through June of 2022. Current rent is 1100 and automatically increases to $1200 July 1st. The space is very large with multiple office space, rooms, full bathroom and access to a spacious rear yard. This unit has Central air conditioning. 2nd floor rear is a 1 bedroom apartment currently rented for 550/month but tenant is leaving at the end of April. 2nd floor front is rented through July for $625 month. 3rd floor is a very long term tenant (14+ years) rented for $450/month on a month to month. Landlord only pays cold/hot water. All other utilities paid by tenants. Conveniently located to public transportation. Property has always been easily rented.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
