4441 Elizabeth St Philadelphia, PA 19124

Property Details for 4441 Elizabeth St

Year built

1910

Property size

2,808 SF

Property type

Commercial real estate

Description

This attractive four-unit apartment building, located at 4441 Elizabeth Street in Philadelphia's vibrant Frankford neighborhood, presents a compelling investment opportunity. The property boasts 2,808 square feet on a generous 8,166 square foot lot, offering ample space for residents and potential for expansion. Built in 1910, this three-story building features four units: two 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units. Current monthly rental income is substantial, with Unit 1 generating $1,200, Unit 2 $900, Unit 3 $1,050, and Unit 4 $745. The finished basement presents a significant opportunity to add another rental unit, further increasing the property's income potential. The property is zoned RM1 and benefits from its location in a desirable area with convenient access to shopping, dining, and excellent transportation links. This well-maintained building offers a blend of historic charm and modern convenience, making it an ideal investment for those seeking strong rental returns and future growth potential in a thriving Philadelphia neighborhood. The asking price is $435,000, representing a price per unit of $108,750 and a price per square foot of $154.91.