Twitter
Facebook
Email
|
Welcome to 5020 Griscom Street - A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable"”estimated at under $30,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants"”delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment"”an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!
| DAYS ON MARKET | 1 | LAST UPDATED | 8/30/2025 |
|---|---|---|---|
| TRACT | FRANKFORD | YEAR BUILT | 1920 |
| COMMUNITY | 19124 (19124) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | 19124 (19124) |
| CONSTRUCTION | Brick |
| HEAT | None |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 21.00 x 105.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | FRANKFORD |
| TAXES | 4199 |
| UTILITIES | Water Available, Sewer Available, Natural Gas Available, Electricity Available |
| WATER | Public |
| ZONING | Please see attached rental license for 8 units. |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Luxe Real Estate LLC
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.