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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Cara Pearlman

Cara Pearlman

+1(202) 641-3008
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

2,205 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Frankford

MLS Listing ID PAPH2532736

Year Built 1920

Annual Tax Amount $4,199

Tax Year 2025

Lot Size 2,205 Sqft

Acres 0.05

Lot Dimensions 21.00 x 105.00

Property Sub-Type Five Or More Units

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

Interior

Hot Water Natural Gas

Heating None

Cooling None

Flooring Wood

Heat Source None

Exterior

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

Water Access N

Roof Type Shingle

Accessibility None

Road Frontage City/County

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881222360

Ownership Fee Simple

Acceptable Financing Conventional, Cash, Private

Listing Terms Conventional, Cash, Private

Financing Conventional,Cash,Private

Special Listing Condition Standard

Bright MLS (BMLS)
Cara Pearlman

Cara Pearlman

+1(202) 641-3008

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