4714 Griscom Street
Description
If the buyer chooses to finish the property as 5 apartments building...Rare opportunity to finish a building with 13%++ cap rate! Attention Investors! Sellers Financing is available! Remodeling is currently underway and owner is looking to sell at any stage of the rehab. The current framing that has been completed enables various uses, from 5 apartments (zoning variance is required), to 4 apartments, triplex, duplex, down to extra-large single that can be used as a group-housing of 12 bedrooms. ARV $850k++
If the buyer chooses to finish the property as 5 apartments building then the projected rents (conservative forecast):
Apt1- 2BRS/1BA- potential rent $1,450
Apt2- 2BRs/1BA- access to back yard- potential rent $1,500
Apt3- 2BRs/1BA- potential rent $1,450
Apt4- 2BRs/1BA- potential rent $1,450
Apt5- 2BRs/1BA- potential rent $1,450
If the buyer chooses to finish the property as a single home, it can be used as a group-housing rental of 10-12 bedrooms, contracted with organizations that typically price $700+ per bedroom per month thus will pay over $7k/mo rent . In any configuration, the total potential income (conservative estimate) $7,300/mo or $87,600 annually! Current status-
-Architectural planning and design- completed (drawings are attached here)
-Framing - completed
-New windows installation- completed
-Rough plumbing- completed
-Rough electricity- completed
-Insulations- in progress
Next steps in the project- need to be done
or HVAC installation
o Sheetrocks installation
o Painting
o Flooring installation
o kitchens and bathrooms
The remaining work to complete the building is estimated between $120-160k.
- Listed by Devorah Selber • BHHS Fox & Roach-HaverfordP: (610)-212-2725 devorah.selber@foxroach.com
Property Details for 4714 Griscom Street
Property Details for 4714 Griscom Street
| Status | Active |
|---|---|
| MLS # | PAPH2422578 |
| Days on Market | 23 |
| Taxes | $4,685 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1940 |
| Lot Size | 0.05 AC / 2,290 SF |
| County | Philadelphia County |
Building Information for 4714 Griscom Street
Property Information for 4714 Griscom Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19124 (19124)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $334,700
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $267,760
- City Town Tax: $2,061
- Land Assessed Value: $66,940
- Clean Green Assessed: No
- Land Use Code: W30
- Zoning: RSA5
- Tax Lot: 317
- School Tax: $2,623
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 4
- Three Bedroom Units Count: 0
- Units Furnished: All
- Rent Control: No
- Building Units Total: 4
- Total Finished SQFT: 2,528.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,528.00
- Total SQFT: 2,528.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Brick/Mortar
- Lot Size Source: Assessor
- Lot Size Dimensions: 19.00 x 118.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1022175
- Type Of Parking: Off Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: None
- Heating Fuel: None
- Hot Water: None
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
Property History for 4714 Griscom Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4714 Griscom Street
Schools near 4714 Griscom Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Marshall John School PublicK to 5 | ||
Harding Warren G Middle School Public6 to 8 | ||
Frankford High School Public9 to 12 | ||
Philadelphia Learning Academy - North Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of BHHS Fox & Roach-Haverford
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.