5007 GERMANTOWN AVE, Philadelphia, PA 19144 - MLS#PAPH2248028

Philadelphia, PA 19144,5007 GERMANTOWN AVE

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Doug Strickland

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

$585,000

Est. payment - /mo

1,791 Sqft Lot

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UPDATED:

08/25/2024 07:26 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2248028

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $2,168

Tax Year 2024

Lot Size 1,791 Sqft

Acres 0.04

Lot Dimensions 22.00 x 81.00

Property Description

Lucrative Investment Opportunity: Remodeled Commercial Property in Prime Location. Are you an investor seeking to diversify your portfolio with a high-yielding, cash-flowing property? Look no further than this exceptional commercial building in the vibrant Germantown neighborhood of Philadelphia. Zoned CMX 2.5 for Commercial/Mixed Use, this property offers a unique blend of modern amenities and prime location, making it an attractive investment opportunity. Professionally renovated with modern taste and attention to detail wheelchair-accessible ramp, new windows, bathrooms, and brand-new central air systems in each unit. Consists of 3 units plus a full basement with high ceilings, offering versatile space 1 storefront and 2 apartments, currently fully occupied by a tenant at $5,000 per month
Situated in a thriving area surrounded by renowned educational institutions, including LaSalle University, Drexel University College of Medicine, and Thomas Jefferson University East Falls Campus. This property has been meticulously remodeled to cater to the needs of modern tenants, ensuring a steady stream of rental income and long-term appreciation. With its prime location and proximity to major universities, this investment offers excellent potential for future growth and value appreciation. Don't miss this opportunity to secure a high-yielding, cash-flowing asset in a desirable neighborhood. Contact us today to schedule a viewing and take the first step towards building a robust and diversified investment portfolio.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility Ramp - Main Level

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871402415

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Tahzib Bacchus • Realty Mark Associates

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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