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
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
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
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
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,987
Per Month
Principal & Interest
$2,920
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,820
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Mastery Charter School John Wister Elementary School
67 E Bringhurst St
Distance between this listing and this school0.32 miles
Public Charter Grades KG-5
3
/10
John B. Kelly Elementary School
5116 Pulaski Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-5
3
/10
James Logan Elementary School
1700 Lindley Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
Nearby Schools
4
/10
Fitler Academics Plus
140 W Seymour St
Distance between this listing and this school0.27 miles
Public District Grades KG-8
3
/10
Edward T. Steel School
4301 Wayne Ave
Distance between this listing and this school0.84 miles
Public District Grades KG-8
3
/10
Jay Cooke Elementary School
1300 W Loudon St
Distance between this listing and this school0.98 miles
Public District Grades KG-8
Nearby Schools
3
/10
Mastery Charter School-Pickett Campus
5700 Wayne Ave
Distance between this listing and this school0.90 miles
Public Charter Grades 6-12
9
/10
Central High School
1700 W Olney Ave
Distance between this listing and this school0.91 miles
Public Magnet Grades 9-12
5
/10
Girls High School
1400 W Olney Ave
Distance between this listing and this school1.12 miles
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 most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
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 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.
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.
In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. Between September 2024 and October 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.