5020 GRISCOM ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19124
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $83
Subdivision Frankford
MLS Listing ID PAPH2532816
Style Other
Year Built 1920
Annual Tax Amount $4,199
Tax Year 2025
Lot Size 2,178 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
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!
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating None
Cooling None
Flooring Wood
Exterior
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
Roof Type Shingle
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Unfinished Walls
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Special Listing Condition Standard