Philadelphia, PA 19140,4171 GERMANTOWN AVE

$150,500

$187,500

19.7%
Est.Price: ?

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Est. payment /mo

2,362 SqFt


SOLD DATE : 09/17/2024

Key Details

Sold Price $150,500

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,362 sqft

Price per Sqft $63

Subdivision Germantown (East)

MLS Listing ID PAPH2298302

Sold Date 09/17/24

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,031

Tax Year 2024

Lot Size 1,726 Sqft

Acres 0.04

Lot Dimensions 17.00 x 103.00

Property Description

Welcome to an exceptional investment opportunity situated in the heart of Germantown Ave, Philadelphia! This distinguished property, zoned as CMX2, offers a blend of commercial and residential space, presenting an enticing prospect for savvy investors and developers. Nestled in the vibrant hub of Germantown Ave, this property enjoys high visibility and foot traffic, contributing to its commercial potential.The first floor boasts a long-term tenant occupying a well-established barbershop. With over 15 years of occupancy, this steady income source generates $1,050 per month, showcasing stability and reliability.The upper levels feature a bi-level apartment spanning the second and third floors. This versatile space comprises 3 bedrooms, a comfortable living area, an eat-in kitchen, and a full bathroom. Ideal for potential renters seeking a spacious and accommodating living arrangement in a bustling neighborhood.While the property may require some refurbishment and updates, it presents an exceptional investment opportunity. With the right vision and improvements, this property has the potential to increase its value significantly.Whether you're an investor looking to hold and generate steady rental income from the existing setup or a developer keen on rehabilitating and flipping the property for a substantial profit, this versatile space caters to various investment strategies.Located in a lively neighborhood with diverse businesses, restaurants, and amenities nearby, ensuring convenience and attraction for both commercial and residential occupants.The CMX2 zoning allows for a range of commercial uses, encouraging flexibility and diverse business opportunities for potential buyers. With its proximity to Germantown Ave, an area experiencing revitalization and growth, this property holds the promise of increased value over time.This property invites those with a discerning eye for real estate opportunities. Whether you aim to enhance its current offerings or reimagine its potential, the possibilities here are vast.Seize this chance to invest in a property with an established income stream, residential potential, and significant upside. Contact us today to explore this captivating opportunity on Germantown Ave and embark on a rewarding real estate venture!

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning CMX2

Interior

Hot Water Electric, Natural Gas

Heating Radiator

Cooling None

Flooring Hardwood, Other

Heat Source Natural Gas, Electric

Exterior

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

Roof Type Flat

Accessibility 2+ Access Exits, Other

Garage N

Building

Foundation Brick/Mortar, Slab, Other

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Edward T Steel School

Middle Schools Grover Cleveland School

High Schools Simon Gratz

School District The School District Of Philadelphia

Others

Tax ID 871519610

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Smoke Detector

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Celenia Martinez • Quality Real Estate-Broad St
Bought with Jibri Bond • Peters Gordon Realty Inc
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