1851 Germantown Ave, Philadelphia, PA 19122
- $2,250,000
- 10,404
- SqFt
- List Price
- $2,250,000
- Days on Market
- 64
- Status
- ACTIVE
- MLS#
- PAPH2626220
- Living Area
- 10,404
- Lot Size (Acres)
- 0.09
- Style
- Other
- Year Built
- 2019
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
in-place 8 Cap. 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. 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
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Additional Information
- Area
- 19122 (19122)
- Subdivision
- West Kensington
- School District
- Philadelphia City
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Main Line. Contact: 6105200100