Description for
7120 Germantown AvenuePhiladelphia, PA 19119
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
$620,000
MT AIRY
PHILADELPHIA
PAPH2221310
Active
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.
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.04 Acres
1900
MT AIRY
Public
Public Sewer
3 Total
Neighborhood
Room Information
Interior Features
Gas Heat,Forced Air
Exterior / Lot Features
1 Parking Spaces,
17.00 x 95.00
Cmx 2.5 allows the Building height to accommodate
Driving Directions
On Germantown between East Durham St, and W. Mt. Pleasant
Financial Considerations
871280250
$3,689
Listing Price History
Philadelphia Real Estate
Philadelphia is located in Pennsylvania.
Philadelphia, Pennsylvania 19119 has a population of 1,615,184.
The median household income in Philadelphia, Pennsylvania 19119 is
$67,409.
The median household income for the surrounding county is $50,724
compared to the national median of $66,222.
The median age of people living in Philadelphia 19119 is 37 years.
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Courtesy: Frink Realty, LLC
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/7/2024 3:53 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
