PA > Philadelphia > Frankford
Philadelphia, PA 19124,5020 GRISCOM ST
Philadelphia, PA 19124,5020 GRISCOM ST
Philadelphia, PA 19124,5020 GRISCOM ST
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Listed by Michelle Phillips • Luxe Real Estate LLC
$250,000
Est. payment /mo
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2,205 Sqft Lot
Active

5020 GRISCOM ST Philadelphia, PA 19124

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

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

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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