UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,892 sqft
Price per Sqft $132
MLS Listing ID PAPH2451646
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $6,332
Tax Year 2024
Lot Size 0.254 Acres
Acres 0.25
Lot Dimensions 55.00 x 200.00
Property Sub-Type Five Or More Units
Property Description
This is a prime investment opportunity for seasoned investors or developers looking to capitalize on a building with incredible upside potential. Located in Germantown, this is being offered as-is and presents an ideal opportunity for a value-add rehab project. Given the size of the lot, there is also an opportunity to build additional units to enhance the value of this opportunity greatly. Apartment building is zoned CMX2 which allows for great flexibility in the underlying development potential.
While the property currently requires renovation, its strategic location, and solid structural foundation offer immense potential for future growth and profitability. With proper updates and upgrades, this property can be transformed into a high-demand, income-producing asset with substantial appreciation potential. See pro-forma valuation to see the potential upside that this building offers.
This building is priced to sell with substantial room for value creation. Whether you're looking to fix and flip or hold for long-term rental income, this property offers a fantastic opportunity to realize a significant return on investment.
Key Highlights:
• Located in a rapidly developing and high-demand area
• Solid bones and structure, ready for a complete
• Potential for improved market rents, long-term capital appreciation, and increased occupancy rate
Location
State PA
County Philadelphia
Area 19126 (19126)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air, Radiator
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Doors - Lever Handle(s)
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881065090
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private, Other
Listing Terms Cash, Conventional, Private, Other
Financing Cash,Conventional,Private,Other
Special Listing Condition Standard
