$ 250,000
-
$250,000
Price -
4
Bed - Bath
-
2,704
SqFt
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About the Listing LUXERELLC1 - 3185708
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!
Listing Highlights for 5020 Griscom St
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
PAPH2532816
Year Built
1920
Total Square Footage
2,704
Lot/Acreage
0.05
County
Philadelphia
Neighborhood
Frankford
Area
19124 (19124)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft: 2704
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: Please see attached rental license for 8 units.
- Roof: Shingle
- Others: Major Rehab Needed
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,199
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
5020 Griscom St Philadelphia, PA 19124
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