Property

Philadelphia, PA 19124 5020 Griscom Street

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Presented By: Luxe Real Estate LLC
  • MLS# PAPH2532736
  • 08/30/2025
  • Request Tour
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  • SQFT • 2,704

Home Details

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 manageableestimated 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 tenantsdelivering 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 machinean 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!
Presented By: Luxe Real Estate LLC

Interior Features for 5020 Griscom Street

Other Interior Features

Central Air Y/NNo
FlooringWood
Heating FuelNone
Hot WaterNatural Gas

General for 5020 Griscom Street

Acceptable FinancingConventional, Cash, Private
AccessibilityNone
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsUse GPS to 5020 Griscom Street
ElectricCircuit Breakers
HeatingNone
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet2205.00
Lot Size UnitsSquare Feet
MLS Area19124 (19124)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total8
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG77.63
Property ConditionMajor Rehab Needed
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofShingle
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Subdivision NameFRANKFORD
Tax Annual Amount4199.0
Tax Assessed Value300000.0
Tax Lot140
Tax Year2025
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningRSA3

Exterior for 5020 Griscom Street

Building Area Total2704.00
Car Parking Spaces
Lot Dimensions21.00 x 105.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road ResponsibilityCity/County
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $209,900
MLS#PAPH2532736
List Date 08/30/2025
Property Type Contingent
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