MLS® ID: PAPH829806
5155 GERMANTOWN AVENUE
PHILADELPHIA, Pennsylvania, 19144 $265,000
This corner CMX 2 property on busy Germantown Ave will be a cash cow. Renovation was started but this building still needs full rehab. Demo, Framing, Roof, and windows all complete. STILL NEEDS TO BE FINISHED. APPROVED zoning attached for 6 units. 1 commercial unit, 3 one bed units, and 2 two bed units. Gross rental income once the project is complete will be approximately $76,800/year. With taxes under $1,000/year and eligible for a 10 year tax abatement, this building will produce great cash flow. Drawings are completed. Mechanical drawings for HVAC, plumbing, and electric are all completed.