Philadelphia, PA 19124 5020 Griscom Street
$209,900
10 more
Presented By: Luxe Real Estate LLC
Beds • 4
Beds • 4Home Details
Welcome to 5020 Griscom Street A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageableestimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenantsdelivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machinean affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!
Presented By: Luxe Real Estate LLC
Interior Features for 5020 Griscom Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
FlooringWood
Furnished UnitsNone
Heating FuelNone
Hot WaterNatural Gas
General for 5020 Griscom Street
Acceptable FinancingCash, Conventional, Private
AccessibilityNone
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsUse GPS to 5020 Griscom Street
ElectricCircuit Breakers
Garage Y/NNo
HeatingNone
Home Warranty Y/NNo
Living Area2704
Location TypeUrban
Lot Size Square Feet2178.00
Lot Size UnitsSquare Feet
MLS Area19124 (19124)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
NumberOfUnitsVacant8
One Bedroom Units Count4
Other StructuresAbove Grade
Other UnitsUnit 1, Unit 2
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG77.63
Property ConditionMajor Rehab Needed
Property SubtypeOther
Property TypeMulti-Family
RoofShingle
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count4
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeTwin/Semi-Detached
Subdivision NameFRANKFORD
Tax Annual Amount4199.0
Tax Assessed Value300000.0
Tax Lot140
Tax Year2025
Total SQFT2704
Two Bedroom0
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningRSA3
Exterior for 5020 Griscom Street
Foundation DetailsOther
Land Assessed Value90000.00
Land Use CodeN50
Lot Size Acres0.05
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Road ResponsibilityCity/County
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
