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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!
| DAYS ON MARKET | 53 | LAST UPDATED | 10/13/2025 |
|---|---|---|---|
| TRACT | FRANKFORD | YEAR BUILT | 1920 |
| COMMUNITY | 19124 (19124) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| PRICE HISTORY | |
| Prior to Sep 22, '25 | $250,000 |
|---|---|
| Sep 22, '25 - Oct 13, '25 | $224,900 |
| Oct 13, '25 - Today | $209,900 |
| 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
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