Sold

4714 Griscom Street, Philadelphia, PA 19124

Beds
10
Sqft
3,750
Pool
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBHHS Fox & Roach-Haverford
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Overview

Seller financing available! Remodeling is currently underway, and the 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 an assisted living or group-housing of 12 bedrooms.
Historically, this building was always multi-unit. The owner temporarily converted it to single-family to expedite permits, the new layout reflects its multi-unit potential.

ARV $850k++ (income-based valuation)

Property Overview:
•     Size: 3,750 SF
•     Zoning: RSA-5, previously multi-unit – strong case for grandfathering variance approval
•     Current Status: Remodeling underway, available for sale at any rehab stage.
•     Completed Work: Architectural plans, framing, new windows, rough plumbing, rough electrical, insulation (in progress).
•     Remaining Work: HVAC, drywall, painting, flooring, kitchens, and bathrooms (Estimated Cost: $120K–$160K).

Flexible Investment Options:
•     5 Apartments (Variance Required):
o     Units of 2BR/1BA, potential rents up to $1,500/month.
o     Total projected rent: $7,300/month.
•     Group Housing/Assisted Living (10-12 Bedrooms):
o     Ideal for sober living, transitional housing, veteran programs, or assisted living.
o     Projected rents: $7,000–$8,400/month.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
3
Number of bedrooms
10
Square feet
3,750
Lot size (acres)
0.05
Year built
1940

Interior features

Basement
Yes, Unfinished

Exterior features

Pool
Yes

Utilities

Heating
None
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$3,838

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: PAPH2452610 Last checked:

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