10 months on rocket

5007 Germantown Ave, Philadelphia, PA, 19144

$585,000

Home List Price

$6,947*

Closing Credit

0 Baths
3,881 SqFt
$151/SqFt
House

Location

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5007 Germantown Ave, Philadelphia$585,000

Buyer Closing Credits

$6,947*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1940
HeatingCentral
CoolingCentral Air
MLS #PAPH2303160
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 5007 Germantown Ave

Lucrative Investment Opportunity: Remodeled Commercial Property in Prime Location. Are you an investor seeking to diversify your portfolio with a high-yielding, cash-flowing property? Look no further than this exceptional commercial building in the vibrant Germantown neighborhood of Philadelphia. Zoned CMX 2.5 for Commercial/Mixed Use, this property offers a unique blend of modern amenities and prime location, making it an attractive investment opportunity. Professionally renovated with modern taste and attention to detail wheelchair-accessible ramp, new windows, bathrooms, and brand-new central air systems in each unit. Consists of 3 units plus a full basement with high ceilings, offering versatile space 1 storefront and 2 apartments, currently fully occupied by a tenant at $5,000 per month Situated in a thriving area surrounded by renowned educational institutions, including LaSalle University, Drexel University College of Medicine, and Thomas Jefferson University East Falls Campus. This property has been meticulously remodeled to cater to the needs of modern tenants, ensuring a steady stream of rental income and long-term appreciation. With its prime location and proximity to major universities, this investment offers excellent potential for future growth and value appreciation. Don't miss this opportunity to secure a high-yielding, cash-flowing asset in a desirable neighborhood. Contact us today to schedule a viewing and take the first step towards building a robust and diversified investment portfolio.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1940
  • Living Area: 3,881 SqFt

Listing Office:

  • Office Name: Realty Mark Associates
  • Office Phone: (215) 376-4444
  • Listing Agent: Tahzib Bacchus

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Promise Academy at Martin Luther King High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: E Garfield St & Germantown Ave

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $585,000
  • Price Per SqFt: $151/SqFt

Tax Information:

  • Annual Amount: $3,481
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

5007 Germantown Ave vs Philadelphia

323 DAYS ON ROCKET

+279 Days

$585,000

+$323.1K More

$151/SqFt

-$48 Less

KEY TAKEAWAY

This property is $323.1K more than the Median Sold Price and $48/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2303160

Listing Office:

  • Office Name: Realty Mark Associates
  • Office Phone: (215) 376-4444
  • Listing Agent: Tahzib Bacchus

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 17, 2018Home Sold
$60,000
Jul 16, 2018Home Sold
$25,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,481 -
2019$3,447$246,300
2018$3,348$239,200
2017$630$45,000

History based on county public records data.

Payment Calculator

$2,987

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,820

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-14732
2
/10

  • Promise Academy at Martin Luther King High School

  • 6100 Stenton Ave

  • 1.83 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,667. Typical income of Philadelphia, PA residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5007 Germantown Ave

What is the listing price of this property?

The listing price of 5007 Germantown Ave property is $585,000.

What type of property is this?

The property 5007 Germantown Ave is a house located in Philadelphia, Pennsylvania, 19144.

Is this property for sale now?

Active Listing: 5007 Germantown Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5007 Germantown Ave are:
Promise Academy at Martin Luther King High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,481 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 17, 2018 for $60,000. (source: MLS/tax record).

What is the square footage of this property?

The property 5007 Germantown Ave is 3,881 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5007 Germantown Ave is 1940.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19144›5007 Germantown Ave

This home is located at 5007 Germantown Ave in Philadelphia, PA and zip code 19144 in the Germantown / Chestnut Hill neighborhood. This 3,881 square foot home, which was built in 1940, sits on a 0.04 acre lot. It has been listed on Rocket Homes since December 18, 2023 and is currently priced at $585,000.

Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The inventory of homes for sale in Philadelphia, PA between September 2024 and October 2024 increased by 9.8%. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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