5020 GRISCOM ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19124
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,205 sqft
Price per Sqft $113
Subdivision Frankford
MLS Listing ID PAPH2532736
Year Built 1920
Annual Tax Amount $4,199
Tax Year 2025
Lot Size 2,205 Sqft
Acres 0.05
Lot Dimensions 21.00 x 105.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to 5020 Griscom Street – A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable—estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Flooring Wood
Heat Source None
Exterior
Utilities Available Water Available,Sewer Available,Natural Gas Available,Electric Available
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881222360
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional,Cash,Private
Listing Terms Conventional,Cash,Private
Financing Conventional,Cash,Private
Special Listing Condition Standard