4416 Lancaster Ave, Philadelphia, PA 19104

Welcome to 4416 Lancaster Ave, a newly renovated mixed use building in Belmont ready for its next owner! The building features two large 3BD/2BA units and a first floor commercial space. The building has been gut renovated and all mechanics are brand new, including a new sprinkler/fire alarm system, new roof, and central A/C in all units. The building also features VERY low taxes and approved 10-year tax abatement on the full improvement value. The first floor tenant is a trendy boutique korean fried chicken restaurant leased at $1,750/mo and both apartments are leased for $1,295/month. Lancaster Ave has several projects revitalizing the corridor between 41st - 45th St including a 15 unit building at 4200-02 Lancaster Ave, a 37 unit building at 4112 Lancaster Ave, a 49 unit mixed-use complex on the 4300 block of Lancaster, and a 5-story 10-unit new construction right next door on the block. There is also a new community park directly behind the property. This building would be great for either an owner occupant or investor. Schedule your showing today! Seller is licensed PA real estate agent. Property is certified lead FREE.