Tools
Size
1
Bedroom
1,726 Sq Ft.
interior
Financial
$187,500
Change Currency
$109
Price Per Sqft
$2,031
Annual taxes
Listing Details
Other
Property type
1915
Year Built
9845064
Web Id
2780242-PAPH2300684
MLS ID
209
Days Posted
Description
4171 Germantown Ave,
Philadelphia,
PA
19140
Philadelphia, PA 19140
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!
Amenities
- Carpet
- Eat in kitchen
- Ceramic Flooring
- Wood
- Split Level
- Other
Price History
date | Price | variance | type |
---|---|---|---|
6/2/2024 | $187,500 | 8.31 % | decreased |
4/7/2024 | $204,500 | 0.24 % | decreased |
1/18/2024 | $205,000 | 2.38 % | decreased |
12/1/2023 | $210,000 | - | Listed |
Listing By: Quality Real Estate-Broad St via Data Source: Bright MLS
listing agent: Celenia Martinez