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4714 Griscom Street
$324,900
description
4714 Griscom Street,
费城,
PA
19124
Rare opportunity to finish a building with 13%++ cap rate!!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 $1,450Apt2- 2BRs/1BA- access to back yard- potential rent $1,500Apt3- 2BRs/1BA- potential rent $1,450Apt4- 2BRs/1BA- potential rent $1,450Apt5- 2BRs/1BA- potential rent $1,450If 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 progressNext steps in the project- need to be doneor HVAC installationo Sheetrocks installationo Paintingo Flooring installationo kitchens and bathrooms The remaining work to complete the building is estimated between $120-160k.
This is an Active listing.
Broker Office Phone Number: 610-649-4500
Copyright © 2024Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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© 2022 CityHomes.com
Listing By: BHHS Fox & Roach Haverford Sales Office via Data Source: Berkshire Hathaway HomeServices Fox & Roach, Realtors
價格記錄
date | 呎價 | variance | type |
---|
11/24/2024 | $324,900 | - | 已上市 |
listing agent: Devorah Selber