Live in One, Rent the Rest: Frankford Quadruplex with CRA Financing and $15,000 in Credits. House hack alert. This property qualifies for CRA financing with just 3% down, no PMI, and an interest rate lower than FHA. Stack a $5,000 lender credit with the Philly First Home $10,000 grant, applied to closing costs or prepaids, and an owner occupant can step into an income producing building for a fraction of what most buyers spend on a single family home. The buyer must occupy the property as their primary residence to qualify. Welcome to a rare multi unit opportunity in the heart of Frankford. This three story brick twin has 4 units with one studio and three one bedroom units, each with its own full bathroom. One front entrance and two side entrances keep resident access simple and private, accessible from the rear of the first floor unit, adds storage or expansion potential. Two units are rented and two are vacant, giving a new owner immediate income plus the flexibility to move in, renovate, or lease at market rates. Total rental potential is approximately $3,000 per month, and the fully renovated building next door shows exactly where this corridor is heading. Frankford keeps you connected: the Market Frankford Line and the Frankford Transportation Center put Center City within easy reach, with shopping and dining along Frankford Avenue nearby. Occupied units require 24 hour notice for showings. Whether you are an owner occupant looking to live nearly payment free or an investor adding a value add asset, this one checks the boxes. Schedule your private showing today.

Listing courtesy of LPT Realty, LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.