Investments Sales Management

1851 GERMANTOWN AVENUE

PHILADELPHIA , PA 19122

MLS#: PAPH2545004

$2,450,000

Status: Active
Listing number: PAPH2545004
Listing provided by: Keller Williams Main Line
Listing agent phone: None
Last update: 6 days ago
On site: 30 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2019

Sq.Footage

N/A

Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction – Modern systems and finishes 100% Occupied – One commercial + six residential tenants Tax Abatement through 2029 – Exceptional near-term yield

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.09

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,450,000

  • Tax Amount

    1972.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    32

  • Water Source

    Public

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Listing Courtesy of Jon M O'Shea , Keller Williams Main Line

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Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. With an in-place NOI of $188,000 and an asking price of $2,450,000, the asset offers investors a 7.7% cap rate on actual income. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction – Modern systems and finishes 100% Occupied – One commercial + six residential tenants Tax Abatement through 2029 – Exceptional near-term yield

1851 GERMANTOWN AVENUE

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