Philadelphia, PA 19118,8022 GERMANTOWN AVE
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Philadelphia, PA 19118,8022 GERMANTOWN AVE
Philadelphia, PA 19118,8022 GERMANTOWN AVE
Philadelphia, PA 19118,8022 GERMANTOWN AVE
Philadelphia, PA 19118,8022 GERMANTOWN AVE

$505,000

Est. payment /mo

$535,000

5.6%
Est.Price: ?

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8022 GERMANTOWN AVE Philadelphia, PA 19118

1,718 SqFt

SOLD DATE : 11/30/2023

Key Details

Sold Price $505,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,718 sqft

Price per Sqft $293

Subdivision Chestnut Hill

MLS Listing ID PAPH2283680

Sold Date 11/30/23

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $5,690

Tax Year 2023

Lot Size 2,068 Sqft

Acres 0.05

Lot Dimensions 16.00 x 130.00

Property Description

Investment Opportunity: Mixed-Use Building in Chestnut Hill with Commercial and Residential Rental Income. This well-maintained mixed-use building offers a bi-level retail space on the first floor consisting of approximately 850sqft with convenient and open access to the basement for ample overflow space (roughly 750sqft additional). Above the store is a bright and spacious 1-bedroom apartment with a large living room complete with Juliette balcony, dining area, spacious working kitchen with gas cooking, ample wood cabinetry and tiled countertop, full bath with shower over tub, and in-unit laundry. The apartment layout offers the potential to be converted into a two-bedroom unit to maximize value with higher rental income. Out back is a small courtyard and open rear yard. The commercial space is occupied by the long term and established business - Chestnut Hill Audio - with a lease through June of 2024 at $2,000 per month. The residential unit is currently rented for $1,400/mo through June of 2024.

Located on bustling Germantown Avenue, this property is just steps away from some of the best shops, restaurants, and public transportation of the Chestnut Hill business corridor.

Location

State PA

County Philadelphia

Area 19118 (19118)

Zoning CMX1

Interior

Hot Water Natural Gas, Electric

Heating Forced Air, Radiant, Baseboard - Hot Water

Cooling Central A/C, Wall Unit, Window Unit(s)

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871275550

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Lawrence P DiFranco • Elfant Wissahickon-Chestnut Hill
Bought with Paul Walsh Jr. Jr. • Elfant Wissahickon-Chestnut Hill

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

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