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5020 Griscom St, Philadelphia, PA 19124

$200,000
: 2,704
SqFt

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Sold Price: $200,000
List Price: $209,900
Closing Date: Dec 16, 2025
Days on Market: 84
Status: CLOSED
MLS#: PAPH2532816
Living Area: 2,704
Lot Size (Acres): 0.05
Style: Other
Year Built: 1920
County: Philadelphia
School District: The School District Of Philadelphia

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Property Description

Welcome to 5020 Griscom Street – A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable—estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!

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Additional Information

Area: 19124 (19124)
Subdivision: Frankford
School District: The School District Of Philadelphia
Flooring: Wood
Heating: None
Cooling: None
Roof: Shingle
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Sewer: Public Sewer
Basement: Unfinished