1. Pennsylvania
  2. Philadelphia
  3. 5020 GRISCOM ST
$224,900

5020 GRISCOM ST, Philadelphia, PA 19124

  • 2,704 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $83/sqft
  • Property List Date Icon Listed 27 days ago

Property Description

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!

Listing Status:
Active
Listing Office:
Luxe Real Estate LLC : 2153269095
Listing Agent:
Michelle Phillips : 2152517519
MLS ID:
PAPH2532816
  • Basement: Unfinished
  • Flooring: Wood
  • A/C: None
  • Heating: None
  • Disability Feature: None
  • General: Above Grade
  • Style: Other
  • Roofing: Shingle
  • General: BrickOther
  • Originating MLS: BRIGHT_MAIN
  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • County: PHILADELPHIA-PA
  • Zoning: RSA3881222360
  • Utilities: Electric availableNatural gas availableSewer availableWater availableCircuit breakers
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Michelle Phillips, Luxe Real Estate LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

John Marshall Elementary School

4500 Griscom St, Philadelphia, PA, 19124

Grades KG-5

0.58 miles away

W

William H. Ziegler Elementary School

5935 Saul St, Philadelphia, PA, 19149

Grades KG-8

0.68 miles away

F

Frankford High School

5000 Oxford Ave, Philadelphia, PA, 19124

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.