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3526 Germantown Ave
Philadelphia, PA 19140

Germantown Ave Mixed Use · Residential Property For Sale · 4 Units

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Investment Highlights

By Right quadplex (buyer to independently verify with an architect)
Above Market Cap Rate Post Construction

High Foot Traffic, Attractive For Commercial Tenants
Existing Usable Structure

Executive Summary

Large mixed-use zoned building located on the booming Germantown Ave corridor of North Philadelphia. This solid 3 story property id deep and ready for an investor to develop a 4 unit cash flowing property! Property has limited access and can be shown to serious buyers. There needs to be a wall erected between this building and 3522 Germantown ave. Additionally the building has a massive amount of clothing and product from the previous business owner which need to be removed.

PROPERTY FACTS

Price Per Unit	£36,871	Building Class	C
Sale Type	Investment	Lot Size	0.04 AC
Sale Conditions	Design & Build Deferred Maintenance Development Sale Shell & Core	Building Size	3,072 SF
No. Units	4	Number of Floors	3
Property Type	Residential	Year Built	1925
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price Per Unit	£36,871
Sale Type	Investment
Sale Conditions	Design & Build Deferred Maintenance Development Sale Shell & Core
No. Units	4
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.04 AC
Building Size	3,072 SF
Number of Floors	3
Year Built	1925
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

PROPERTY TAXES

Parcel Number	871567190	Improvements Assessment	£86,990
Land Assessment	£21,748	Total Assessment	£108,738

PROPERTY TAXES

Parcel Number

871567190

Land Assessment

£21,748

Improvements Assessment

£86,990

Total Assessment

£108,738

zoning

Zoning Code	CMX2 (by right for quadplex (buyer to independently verify with an architect))
CMX2 (by right for quadplex (buyer to independently verify with an architect))

Listing ID: 28586230
Date on Market: 26/05/2023
Last Updated:
Address: 3526 Germantown Ave, Philadelphia, PA 19140

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