4714 GRISCOM ST Open House Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19124
OPEN HOUSE
Sun May 11, 2:00pm - 3:30pm
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $77
Subdivision Frankford
MLS Listing ID PAPH2452610
Style AirLite
Year Built 1940
Annual Tax Amount $3,838
Tax Year 2025
Lot Size 2,290 Sqft
Property Sub-Type Detached
Property Description
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
State PA
County Philadelphia
Area 19124 (19124)
Zoning RESID
Interior
Hot Water None
Heating None
Cooling None
Exterior
Water Access N
Roof Type Asphalt
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Unfinished Walls
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Variable
Listing Terms Cash,Variable
Special Listing Condition Standard