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Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building. This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note. The possibilities are endless, Bring your vision and creativity.
| DAYS ON MARKET | 535 | LAST UPDATED | 6/24/2024 |
|---|---|---|---|
| TRACT | MT AIRY | YEAR BUILT | 1900 |
| COMMUNITY | 19119 (19119) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 25, '23 | $700,000 |
|---|---|
| Jul 25, '23 - Oct 4, '23 | $650,000 |
| Oct 4, '23 - Jan 3, '24 | $645,000 |
| Jan 3, '24 - Apr 3, '24 | $625,000 |
| Apr 3, '24 - May 8, '24 | $620,000 |
| May 8, '24 - Jun 24, '24 | $605,000 |
| Jun 24, '24 - Today | $575,000 |
| ADDITIONAL DETAILS | |
| AREA | 19119 (19119) |
|---|---|
| HEAT | Forced Air, Natural Gas |
| LOT | 1742 sq ft |
| LOT DIMENSIONS | 17.00 x 95.00 |
| SEWER | Public Sewer |
| SUBDIVISION | MT AIRY |
| TAXES | 3689 |
| WATER | Public |
| ZONING | Cmx 2.5 allows the Building height to accommodate 5 floors |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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