Philadelphia, PA 19144,6355 GERMANTOWN AVE
Philadelphia, PA 19144,6355 GERMANTOWN AVE
Philadelphia, PA 19144,6355 GERMANTOWN AVE
$328,000
Est. payment /mo
$349,900
6.3%
Est.Price: ?

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2,406 SqFt
SOLD DATE : 07/19/2023

Key Details

Sold Price $328,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,406 sqft

Price per Sqft $136

Subdivision East Falls

MLS Listing ID PAPH2207070

Sold Date 07/19/23

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,044

Tax Year 2020

Lot Size 1,794 Sqft

Acres 0.04

Property Description

Welcome to 6355 Germantown Ave, an incredible value-add opportunity located in the heart of a rapidly developing block of Germantown Avenue. This property features a ground floor commercial space and two 1-bedroom residential units, all with separate electric meters. With lots of development projects happening around the property, now is the perfect time to invest in this up-and-coming area and unlock the property's full potential.

The commercial unit boasts drop ceilings, basement/storage access, and a powder room, while the residential units offer cozy and comfortable living spaces. The tenants have been in place for an impressive 30 years, but with the property's layout remaining the same since it was first built, there is plenty of room for improvements that will increase the property's rental income potential.

With two heating systems, including electric forced heating and gas radiator, this property is set up to provide comfortable living spaces in all seasons. The residential units feature electric cooking, and with rents that have never been raised, there is significant upside potential for the savvy investor. This is a fantastic opportunity to invest in a property with strong value-add potential in a rapidly developing area with plenty of room for growth. Don't miss out on this incredible opportunity to unlock the full potential of this investment property!

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning CMX2

Interior

Hot Water Natural Gas, Electric

Heating Hot Water, Forced Air

Cooling None

Flooring Luxury Vinyl Plank, Luxury Vinyl Tile, Vinyl

Equipment Some

Heat Source Natural Gas, Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Hook/Up Avail

Water Public Hook-up Available

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871580350

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joshua M. Pagan • PA Realty Advisors LLC
Bought with Thomas A. Greer • Coldwell Banker Realty

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Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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