1. Pennsylvania
2. Philadelphia
3. 5020 GRISCOM ST

5020 GRISCOM ST, Philadelphia, PA 19124

Property Description

Welcome to 5020 Griscom Street – A True Value-Add Investment with a $20,000 Credit Offered! The seller is offering a $20,000 credit toward closing costs or down payment, making this LEGAL 8-unit apartment building an unbeatable opportunity for savvy investors. Featuring a mix of 1-bedroom and studio units, this property is primed for a complete renovation. With smaller unit sizes, rehab costs remain highly manageable—estimated at under $30,000 per unit. After repairs, the building carries a strong minimum ARV of $700,000. Rental programs pay up to $1,200 per unit, or investors can achieve at least $850 per unit with market tenants—delivering strong projected monthly and annual cash flow. Seller not only provides the $20,000 credit but also has direct lender connections willing to finance the project for experienced buyers, helping you get started with less out-of-pocket. This is a true cash cow investment—an affordable rehab with immediate income potential and long-term equity growth. Perfect for investors seeking both short-term returns and lasting appreciation. Schedule your showing today!

Listing Status:

Active

Listing Office:

Luxe Real Estate LLC : 2153269095

Listing Agent:

Michelle Phillips : 2152517519

MLS ID:

PAPH2532736

Interior

• Flooring: Wood
• A/C: None
• Heating: None
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Michelle Phillips, Luxe Real Estate LLC