Price Reduction - Seller Financing
Listed By:
Frink Realty, LLC
Address
7120 Germantown Avenue, Philadelphia, PA
Price
$ 605,000
Property Attributes
  • MLS#PAPH2221310
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19119
  • NeighborhoodMt Airy
  • Zip19119
  • StyleGeneral Retail
  • Year Built1900
  • Taxes$ 3689
  • Price$ 605,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2159
  • Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description

Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building. This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note. The possibilities are endless, Bring your vision and creativity.

Price History
4/12/2023 Listed $700,000
7/25/2023 8% - $650,000
10/5/2023 1% - $645,000
1/4/2024 4% - $625,000
4/4/2024 1% - $620,000
5/8/2024 3% - $605,000

General Features

Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Possession 0-30 Days CD
Zoning CMX25
Construction Materials Masonry
Year Built 1900
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Other/General Retail
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Subdivision Name MT AIRY
Possible Use Apartment Building,Barber/Beauty,Commercial,Development,Financial,Florist/Nursery,Investment,Medical/Dental,Mixed Use
Water Access Y/N No
Property Use Investment
Status ACTIVE
Directions On Germantown between East Durham St,and W. Mt. Pleasant
ModificationTimestamp 2024-05-08T17:58:04
City PHILADELPHIA
Buyer Agent Compensation 1.5
Disclosures None
Zoning Description Cmx 2.5 allows the Building height to accommodate 5 floors
Total Units 3
MLS Area 19119 (19119)
Lot Size Square Feet 1561.00
Tax Assessed Value 263600.0
Waterfront Y/N No
Street Name GERMANTOWN
Tax Annual Amount 3689.0
Property Condition Good
Acceptable Financing Conventional,Cash,FHA 203(k),Seller Financing
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 399
Standard Status Active
Year Built Source Assessor
Tax Lot 129
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix AVENUE
Central Air Y/N No

Exterior Features

Water Source Public
Total Parking Spaces 1
Type of Parking Private Garage
Land Use Code Y50
Water View Y/N No
Building Area Total 0.00
Lot Dimensions 17.00 x 95.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 52720.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19119

Price
AVG $1.63M
$610K
Taxes
AVG $4,365
$3,689
Visits
AVG 175
511
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1900
Walkscore
AVG 87
91
Data Provided by Walkscore® not using MLS data

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