About 5020 Griscom St
Welcome to 5020 Griscom Street – A True Value-Add Investment Opportunity! This legal 8-unit apartment building, featuring a mix of 1-bedroom and studio units, is a prime opportunity for savvy investors. The property requires a full renovation, but with smaller unit sizes, rehab costs remain highly manageable—estimated at under $20,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs can pay up to $1,200 per unit, or investors can easily achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller has direct lender connections willing to finance the project for experienced buyers, making it easier to get started with less upfront capital. This property is a true cash-flow machine—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term profitability and lasting appreciation. Schedule your showing today!
Features of 5020 Griscom St
| MLS® # | PAPH2532736 |
|---|---|
| Price | $209,900 |
| Bathrooms | 0.00 |
| Square Footage | 2,704 |
| Acres | 0.05 |
| Year Built | 1920 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 5020 Griscom St |
|---|---|
| Area | 19124 |
| Subdivision | FRANKFORD |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19124 |
Amenities
| Utilities | Water Available, Sewer Available, Natural Gas Available, Electric Available |
|---|---|
| Is Waterfront | No |
Interior
| Heating | None |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Roof | Shingle |
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Date Listed | August 30th, 2025 |
|---|---|
| Days on Market | 47 |
| Zoning | RSA3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Luxe Real Estate LLC |
|---|---|
| Contact Info | 2152517519 |