1441 GERMANTOWN AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,648 sqft
Price per Sqft $128
MLS Listing ID PAPH2369250
Style Other
Year Built 1875
Annual Tax Amount $5,628
Tax Year 2024
Lot Size 2,613 Sqft
Property Description
COMMERCIAL TENANT IN PLACE. 310 and 308 JEFFERSON ST LOTS BESIDE PROPERTY ARE INCLUDED IN SALE PRICE. The first floor daycare is leased through May 2025, currently paying $1950/month. All other tenants are month-to-month!
The after repair value of this property cannot be overstated. Local rents are averaging $1500/month on the low end. This is an exceptionally located mixed-use commercial property situated in highly sought-after Fishtown - a five minute walk to Northern Liberties. Capitalize on this incredible investment opportunity with residential apartments on the 2nd and 3rd floors and a well-established commercial space on the first floor, which is currently operating as a daycare. Two half baths and a kitchenette are in place on this level. The residential units in the upper levels of the building all require updating. Tons of nearby businesses and restaurants give this property excellent visibility and foot traffic, presenting endless possibilities for any commercial space. Included in the price of this property are two adjacent parcels of land at 310 and 308 Jefferson Sts, which provide additional space for potential expansion, future development, or alternative uses. These parcels offer immense value and flexibility for a savvy investor, adding an additional 1000+ square feet to the size of the property. Total lot size and sqft in listing reflects all three parcels. Please note building is currently fully occupied with tenants. Property is eligible for Philadelphia's C-PACE Financing (over 100k) for clean energy projects.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Electric
Heating Wall Unit
Cooling Window Unit(s)
Flooring Tile/Brick,Vinyl
Exterior
Utilities Available Water Available,Sewer Available,Electric Available,Phone
Waterfront N
Water Access N
Roof Type Pitched
Building
Lot Description Corner,Additional Lot(s)
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,VA,Negotiable,FHA,Conventional
Listing Terms Cash,VA,Negotiable,FHA,Conventional
Special Listing Condition Standard