$ 224,900
-
$224,900
Price -
0
Bed - Bath
-
2,704
SqFt
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About the Listing LUXERELLC1 - 3185708
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 manageable—estimated 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 tenants—delivering 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 machine—an 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!
Listing Highlights for 5020 Griscom St
Status
Active
Days on Site
24
Property Type
Commercial Sale
MLS ®
PAPH2532736
Year Built
1920
Total Square Footage
2,704
Lot/Acreage
0.05
County
Philadelphia
Neighborhood
Frankford
Area
19124 (19124)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 21.00 x 105.00
- Zoning: Please see attached rental license for 8 units.
- Roof: Shingle
- Others: Major Rehab Needed
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,199
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5020 Griscom St Philadelphia, PA 19124
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