7120 GERMANTOWN AVE, Philadelphia, PA 19119 - MLS#PAPH2221310

Philadelphia, PA 19119,7120 GERMANTOWN AVE

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$575,000

Est. payment - /mo

1,561 Sqft Lot

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UPDATED:

11/14/2024 05:19 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Subdivision Mt Airy

MLS Listing ID PAPH2221310

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $3,689

Tax Year 2024

Lot Size 1,561 Sqft

Acres 0.04

Lot Dimensions 17.00 x 95.00

Property Description

Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building.
This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note.

The possibilities are endless, Bring your vision and creativity.

Location

State PA

County Philadelphia

Area 19119 (19119)

Zoning CMX25

Interior

Hot Water Natural Gas

Cooling None

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Waterfront N

Water Access N

Accessibility None

Parking Type Private Garage

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871280250

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash, FHA 203(k), Seller Financing

Listing Terms Conventional, Cash, FHA 203(k), Seller Financing

Financing Conventional,Cash,FHA 203(k),Seller Financing

Special Listing Condition Standard

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Listed by Taison DeVore • Trinity Property Advisors

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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