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Philadelphia, PA 19144,5600-06 GERMANTOWN AVE
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Philadelphia, PA 19144,5600-06 GERMANTOWN AVE
Philadelphia, PA 19144,5600-06 GERMANTOWN AVE
Philadelphia, PA 19144,5600-06 GERMANTOWN AVE
Philadelphia, PA 19144,5600-06 GERMANTOWN AVE
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Jordan Muirhead

Jordan Muirhead

+1(703) 615-8732
Listed by Joseph M. Loonstyn Jr. • Scope Commercial Real Estate Services, Inc.
$ 2,150,000
Est. payment /mo
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Active

5600-06 GERMANTOWN AVE Philadelphia, PA 19144

24,585 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 24,585 sqft

Price per Sqft $87

MLS Listing ID PAPH2449988

Originating Board BRIGHT

Year Built 1958

Annual Tax Amount $18,138

Tax Year 2024

Lot Size 8,347 Sqft

Acres 0.19

Lot Dimensions 74.00 x 117.00

Property Sub-Type Mixed Use

Property Description

SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire Frederick Douglas Apartments, a 16-unit mixed use asset over 7,021 square feet of commercial space in the Germantown neighborhood of Philadelphia, PA.

Frederick Douglas Apartments, located at 5600-5606 Germantown Ave, is a 24,585 square-foot property consisting of 16 residential units over two commercial units. The property offers five studios, five one-bedroom, one-bathroom units, and six two-bedroom, one-bathroom units. The average monthly rent is $786 for studios, $775 for one-bedroom units, and $1,020 for the two-bedroom units, resulting in an overall average rent of $870 per unit. New ownership can raise rents to meet the market as is for a 25 percent upside. Additionally, renovating unit interiors could allow for a further 38 percent rent growth.

The commercial unit 5604-5606 is also leased out until 2029 with personal guarantees in place. There is about another $60,000 of upside if the other commercial unit is leased. 5600-02 offers about 3,300 square feet of commercial and 5604-06 offers about 3,700 square feet.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning CMX3

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer, Public Septic

Water Public

New Construction N

Schools

High Schools Germantown

School District Philadelphia City

Others

Tax ID 881097326

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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5600-06 GERMANTOWN AVE

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