
5020 Griscom St Philadelphia, PA 19124
Frankford NeighborhoodEstimated payment $1,702/month
About This Home
Welcome to 5020 Griscom Street – A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable—estimated at under $30,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,199
Year Built
- Built in 1920
Parking
- On-Street Parking
Home Design
- Fixer Upper
- Brick Exterior Construction
- Unfinished Walls
- Shingle Roof
Interior Spaces
- 2,704 Sq Ft Home
- Wood Flooring
- Unfinished Basement
Additional Features
- 2,178 Sq Ft Lot
- Urban Location
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 140
- Assessor Parcel Number 881222360
Community Details
Overview
- 4 Units
- Frankford Subdivision
Building Details
- 8 Vacant Units
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/04/2025 09/04/25 | For Sale | $250,000 | -- | $92 / Sq Ft |
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Source: Bright MLS
MLS Number: PAPH2532816

APN: 88-1-2223-60
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