1441 GERMANTOWN AVE Philadelphia, PA 19122
UPDATED:
10/25/2024 06:39 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $128
MLS Listing ID PAPH2369250
Style Other
Abv Grd Liv Area 3,648
Originating Board BRIGHT
Year Built 1875
Annual Tax Amount $5,628
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 21.00 x 81.00
Property Description
The after repair value of this property cannot be overstated. Local rents are averaging $1500/month on the low end. This is an exceptionally located mixed-use commercial property situated in highly sought-after Fishtown - a five minute walk to Northern Liberties. Capitalize on this incredible investment opportunity with residential apartments on the 2nd and 3rd floors and a well-established commercial space on the first floor, which is currently operating as a daycare. Two half baths and a kitchenette are in place on this level. The residential units in the upper levels of the building all require updating. Tons of nearby businesses and restaurants give this property excellent visibility and foot traffic, presenting endless possibilities for any commercial space. Included in the price of this property are two adjacent parcels of land at 310 and 308 Jefferson Sts, which provide additional space for potential expansion, future development, or alternative uses. These parcels offer immense value and flexibility for a savvy investor, adding an additional 1000+ square feet to the size of the property. Total lot size and sqft in listing reflects all three parcels. Please note building is currently fully occupied with tenants. Property is eligible for Philadelphia's C-PACE Financing (over 100k) for clean energy projects.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Electric
Heating Wall Unit
Cooling Window Unit(s)
Flooring Tile/Brick, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Electric Available, Phone
Waterfront N
Water Access N
Roof Type Pitched
Accessibility None
Road Frontage City/County
Parking Type On Street
Garage N
Building
Lot Description Corner, Additional Lot(s)
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871524410
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, VA, Negotiable, FHA, Conventional
Listing Terms Cash, VA, Negotiable, FHA, Conventional
Financing Cash,VA,Negotiable,FHA,Conventional
Special Listing Condition Standard
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