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5021 Griscom Street, Philadelphia, PA 19124

4 Bed, 1 Bath Multi-Family Home For Sale

5021 Griscom Street, Philadelphia, PA 19124 House For Sale - MLS #6632945
$149,900
4
1
Multi-Family
5+ Family
8
This listing is courtesy of Realty Xpress.

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Property Description for 5021 Griscom Street, Philadelphia, PA 19124

FANTASTIC OPPORTUNITY!!!!! LEGAL BOARDING HOUSE!!!Incredible Rental Income Opportunity for a savvy investor! Large Dutch Colonial Home with Front Porch and Sizeable Back Yard. Currently a Well Maintained Boarding/Rooming House. Legally zoned and licensed as 8 Rooming units for up to 11 person occupancy. Front & rear stairwell make for easy access to all levels/bedrooms. Wide & spacious hallways. Abundant natural light from Large Windows throughout. Brick exterior w/covered front porch. Contains many original architectural details which you don't find today. 10' high ceilings in all rooms on first & second floors. Kitchen includes refrigerator, gas stove/oven and microwave. Plenty of storage space at all levels. Large connected Living Room & Dining Room allows for efficient flow throughout 1st floor. Vestibule Entrance with great tile work, transoms & oak doors. Clean, spacious, unfinished basement w/unusually high ceilings which can be made into Coin-Op Laundry Room for additional income. Hardwired smoke detectors & fire alarm system. in place. This is a tremendous rental opportunity for a sharp Landlord. There are currently 7 of 8 rooms rented. Room for revenue growth by renting 8th room ($6500 annually)and substantially even more by increasing occupancy to 11 tenants. Start collecting rents immediately from long term tenants. This is a cash cow for a sharp operator.

Interior Details

4
Public Sewer
Public Water
Cable TV Available

Exterior Details

0.05 acres
2,178 sq. ft.
Street

Other Details

6632945
$2,168

Units Description

Unit #1
Rooms: 1      Bedrooms: 1      Rent: $542     

Unit #2
Rooms: 1      Bedrooms: 1      Full / Half Baths: 1      Rent: $542     

Unit #3
Rooms: 1      Bedrooms: 1      Rent: $542     

Unit #4
Rooms: 1      Bedrooms: 1      Rent: $542     

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Town Description

The Northeast Village was a wartime military housing project just south of the present Normandy Village, between Red Lion Rd. to the south, Decatur Rd. to the east, Comly Rd. to the north, and the...

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