4714 GRISCOM ST Philadelphia, PA 19124
2,528 SqFt
UPDATED:
03/06/2025 11:36 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,528 sqft
Price per Sqft $128
Subdivision Frankford
MLS Listing ID PAPH2452610
Style AirLite
Abv Grd Liv Area 2,528
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,838
Tax Year 2025
Lot Size 2,290 Sqft
Acres 0.05
Lot Dimensions 19.00 x 118.00
Property Sub-Type Detached
Property Description
Unlock the potential of this value-add property, where the heavy lifting of renovations has already been completed, all major structural work done- framing, windows, rough plumbing, and electrical. The current framing that has been completed enables various uses, from 5 apartments (zoning variance is required), to 4 apartments, triplex, duplex, down to extra-large single that can be used as a group-housing of 12 bedrooms.
Currently zoned as RSA5, previously was zoned as multi-unit, up to 5 units.
ARV $850k++
Development Options:
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- 5-Unit Apartment Building: Requires zoning variance, previously configured as multi-unit.
- 4 Units, Triplex, or Duplex: Choose the layout that suits your investment strategy.
- Single-Family Group Housing: NO NEED FOR VARIANCE- Up to 12 bedrooms, perfect for high-rent group setups like transitional or veteran housing.
Projected Rents:
In any configuration, the total potential income (conservative estimate) $7,300/mo or $87,600 annually!:
=================
- Multi-Family (5 Units): Around $1,450 to $1,500 per unit per month
- Group Housing: organizations will pay over $8k a month for a 12BRs property.
Remaining Work (Estimated Cost $120,000 to $160,000):
=================
- Install HVAC.
- Hang drywall.
- Paint and lay down flooring.
- Fit out kitchens and bathrooms.
The building was zoned previously as multi-unit and is sold as-is, blueprints are attached
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RESID
Rooms
Basement Full, Rear Entrance, Side Entrance, Space For Rooms, Unfinished
Interior
Hot Water None
Heating None
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
Structure Type Unfinished Walls
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 232434100
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Variable
Listing Terms Cash, Variable
Financing Cash,Variable
Special Listing Condition Standard
