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4171 Germantown Avenue

PHILADELPHIA, PA 19140
  • $187,500
  • STATUS: Active
  • ON SITE: 193 Days
  • ID#: PAPH2300684
Price Reduced
UPDATED: 182 min ago
$187,500
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,362
    SQFT
  • $79
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Information

Elementary School:
Middle School:
High School:

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!

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©2024 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. 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. Data last updated: 2024-06-12T23:50:30.103.
www.themichaelhargetgroup.com/homes/145731374
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4171 Germantown Avenue PHILADELPHIA, PA 19140

  • Price: $187,500
  • Status: Active
  • On Site: 193 Days
  • Updated: 182 min ago
  • ID#: PAPH2300684
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,362
SQFT
$79
$/SQFT
1915
Built
Neighborhood:
Germantown
County:
Philadelphia
Area:
19140 (19140)
Elementary School:
Edward T Steel School
Middle School:
Grover Cleveland School
High School:
Simon Gratz
School District:
The School District Of Philadelphia
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!
Exterior Features

Architectural Style Straight ThruDwelling w/Separate Living AreaSplit LevelTraditionalTransitionalOther Construction Materials MasonryBrickConcreteOther Exterior Features Exterior LightingFlood LightsSatellite DishSidewalksStreet LightsOther Garage YN No Parking Types On Street Patio And Porch Features BrickRoof Pool No Pool Property Condition GoodAverage Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2362 Appliances Stove Basement Poured Concrete Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions Barbershop tenants belongings Fireplace YN No Flooring CarpetCeramic TileHardwoodOther Heating 90% Forced Air Heating YN Yes Inclusions Stove Interior Features Dining AreaFamily Room Off KitchenFloor Plan - TraditionalFormal/Separate Dining RoomKitchen - Eat-InRecessed LightingSkylight(s)Tub ShowerWood FloorsOther Rooms Total 3 Security Features Carbon Monoxide Detector(s)Smoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 0 Units Furnished None Walls Ceilings Dry WallPaneled Walls

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Central Air YN No Cooling Fuel None Cross Street Juniata Electric 100 Amp Service Existing Lease Type Month to Month Foundation Details Brick/Mortar Heating Fuel None Historic YN No Hot Water ElectricNatural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Number Of Units Vacant 1 Original MLSNumber 802752193356 Ownership Interest Fee Simple Property Sub Type Other Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2031.00 Tax Lot 461 Total Actual Rent 12600.00 Transportation Airport less than 10 milesBus Stop less than 1 mileMetro/Subway Station less than 1 mileCommuter Lots less than 5 miles Utilities Cable TV AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning CMX2

Listing courtesy of Quality Real Estate-Broad St: .


©2024 Bright MLS, All Rights Reserved. IDX information 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Harget Group | Keller Williams Realty Partners. 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. Data last updated: 2024-06-12T23:50:30.103.
 
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