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4714 Griscom Street

Philadelphia, PA 19124

– beds
– baths
2,528 sqft
2,290 sqft lot
$128 per sqft
1940 build

Rare opportunity to finish a building with 13%++ cap rate!! Remodeling is currently underway and owner is looking to sell at any stage of the rehab. 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. ARV $850k++ If the buyer chooses to finish the property as 5 apartments building then the projected rents (conservative forecast): Apt1- 2BRS/1BA- potential rent $1,450 Apt2- 2BRs/1BA- access to back yard- potential rent $1,500 Apt3- 2BRs/1BA- potential rent $1,450 Apt4- 2BRs/1BA- potential rent $1,450 Apt5- 2BRs/1BA- potential rent $1,450 If the buyer chooses to finish the property as a single home, it can be used as a group-housing rental of 10-12 bedrooms, contracted with organizations that typically price $700+ per bedroom per month thus will pay over $7k/mo rent . In any configuration, the total potential income (conservative estimate) $7,300/mo or $87,600 annually! Current status- -Architectural planning and design- completed (drawings are attached here) -Framing - completed -New windows installation- completed -Rough plumbing- completed -Rough electricity- completed -Insulations- in progress Next steps in the project- need to be done or HVAC installation o Sheetrocks installation o Painting o Flooring installation o kitchens and bathrooms The remaining work to complete the building is estimated between $120-160k.

Listing courtesy of BRIGHT / BHHS Fox & Roach-Haverford

Last checked: Checking… • Last updated Nov 25, 2024 •

MLS# PAPH2422578 —

The Building

Year Built:

1940
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Detached
Architectural Style:

Bi-level
Building Units Total:

4
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2528

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2528
Living Area SqFt:

2,528 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Variable
Possession:

0-30 Days CD

Location

Directions:

Frankfort
Latitude:

40.01753616
Longitude:

-75.08461761

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot Size Dimensions:

19.00 x 118.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,290 Sqft
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

W30
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

232434100
Tax Year:

2024
Tax Lot:

317
Tax Annual Amount:

$4,685
Tax Assessed Value:

$334,700
Year Assessed:

2024
School Tax:

2623.0
City/Town Tax:

2061.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating Type:

None
Heating Fuel:

None

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

None
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

Off Street

Extra Units

Vacation Rental:

No
Units Furnished:

All
Two Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
11/25/24 Nov 25, 2024	Listed / Active	BRIGHT	$324,900

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This multifamily located in Kensington, Philadelphia, PA 19124 is currently for sale for $324,900. 4714 Griscom Street is a 2,528 square foot multifamily with – beds and – baths. 4714 Griscom Street is in the Kensington neighborhood of Philadelphia and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Warren G. Harding Middle School, John Marshall School, and Frankford High School.

Listing Courtesy of: BRIGHT and BHHS Fox & Roach-Haverford.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.