PA > Philadelphia > Frankford
Philadelphia, PA 19124,5020 GRISCOM ST
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Philadelphia, PA 19124,5020 GRISCOM ST
Philadelphia, PA 19124,5020 GRISCOM ST
Philadelphia, PA 19124,5020 GRISCOM ST
Philadelphia, PA 19124,5020 GRISCOM ST
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Becky Shaible

Becky Shaible

+1(570) 971-7833
Listed by Michelle Phillips • Luxe Real Estate LLC
$ 224,900
Est. payment /mo
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Price Dropped by $25K

5020 GRISCOM ST Philadelphia, PA 19124

2,704 SqFt

UPDATED:

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

Abv Grd Liv Area 2,704

Year Built 1920

Annual Tax Amount $4,199

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating None

Cooling None

Flooring Wood

Heat Source None

Exterior

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Shingle

Accessibility None

Road Frontage City/County

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2704

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

Structure Type Unfinished Walls

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881222360

Ownership Fee Simple

SqFt Source 2704

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Bright MLS (BMLS)
Becky Shaible

Becky Shaible

Marketing Real Estate at the Highest Level in PA | UnknownRS343194

+1(570) 971-7833

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