$ 2,150,000
-
$2,150,000
Price -
0
Bed - Bath
-
24,585
SqFt
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About the Listing SCOPE1 - 3298442
SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire Frederick Douglas Apartments, a 16-unit mixed use asset over 7,021 square feet of commercial space in the Germantown neighborhood of Philadelphia, PA. Frederick Douglas Apartments, located at 5600-5606 Germantown Ave, is a 24,585 square-foot property consisting of 16 residential units over two commercial units. The property offers five studios, five one-bedroom, one-bathroom units, and six two-bedroom, one-bathroom units. The average monthly rent is $786 for studios, $775 for one-bedroom units, and $1,020 for the two-bedroom units, resulting in an overall average rent of $870 per unit. New ownership can raise rents to meet the market as is for a 25 percent upside. Additionally, renovating unit interiors could allow for a further 38 percent rent growth. The commercial unit 5604-5606 is also leased out until 2029 with personal guarantees in place. There is about another $60,000 of upside if the other commercial unit is leased. 5600-02 offers about 3,300 square feet of commercial and 5604-06 offers about 3,700 square feet.
Listing Highlights for 5600 Germantown Ave
Status
Active With Contingency
Days on Site
248
Property Type
Commercial Sale
MLS ®
PAPH2449988
Year Built
1958
Total Square Footage
24,585
Lot/Acreage
0.19
County
Philadelphia
Building Name
NONE AVAILABLE
Area
19144 (19144)
School District
Philadelphia City
High School
Germantown
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- 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: 74.00 x 117.00
- Zoning: CMX3
- Roof:
- Others:
- Sewer: Public Sewer,Public Septic
Financial Details
- Tax Amount: $18,138
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
5600 Germantown Ave Philadelphia, PA 19144
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