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5020 GRISCOM STREET, PHILADELPHIA, PA 19124
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$209,900
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Home Details for 5020 GRISCOM STREET
Price
$209,900
Type
Commercial/Industrial
Year Build
1920
Lot Size
0.05
County
PHILADELPHIA
Tax
$4,199
MLS®️ Listing#
PAPH2532736
On exitrealty.com
142 days
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!
- Utilities
- Water Available
- Sewer Available
- Natural Gas Available
- Electricity Available
- Cooling Information
- None
- Heating Information
- None
- Water Features
- Public
- Parking
- On Street
Listing Courtesy: Luxe Real Estate LLC - 215-326-9095
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2025-12-15 20:18:39
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$209,900
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EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143