$265,000

5155 Germantown Ave

PHILADELPHIA PA, 19144

Description

This corner CMX 2 property on busy Germantown Ave will be a cash cow. Renovation was started but this building still needs full rehab. Demo, Framing, Roof, and windows all complete. STILL NEEDS TO BE FINISHED. APPROVED zoning attached for6 units. 1 commercial unit, 3 one bed units, and 2 two bed units. Gross rental income once the project is complete will be approximately $76,800/year. With taxes under $1,000/year and eligible for a 10 year tax abatement, this building will produce great cash flow. Drawings are completed. Mechanical drawings for HVAC, plumbing, and electric are all completed.

Details

MLS#PAPH829810
Sub-TypeResale
StatusActive
Year1900
Days On Site49

Features

SQ Feet6,400
Units4

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19144
Area19144 (19144)
Listing VS Median (in 19144)
Price:
$265,000
low | high
Med:
$117,450
100% of Average
SqFt:
6,400
low | high
Med:
2,574
100% of Average
$ / SqFt:
$41
low | high
Med:
$46
39.705779978066% of Average
On Site:
49
low | high
Med:
75
65.333333333333% of Average
Listing Updated: 10/21/2019
MLS Number: PAPH829810
Listing Provided By:
Joshua Hertz  of  The Peoples Choice Real Estate