$ 2,450,000
-
$2,450,000
Price -
0
Bed - Bath
-
10,404
SqFt
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About the Listing KELWLMML - 3386657,3118193
Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction – Modern systems and finishes 100% Occupied – One commercial + six residential tenants Tax Abatement through 2029 – Exceptional near-term yield
Listing Highlights for 1851 Germantown Ave
Status
Active
Days on Site
26
Property Type
Commercial Sale
MLS ®
PAPH2545004
Year Built
2019
Total Square Footage
10,404
Lot/Acreage
0.09
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 64.00 x 90.00
- Zoning: CMX2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,972
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
1851 Germantown Ave Philadelphia, PA 19122
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