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7120 Germantown Avenue, Philadelphia, PA 19119
$605,000
7120 Germantown Avenue, Philadelphia, PA 19119View this property at 7120 Germantown Avenue, Philadelphia, PA 19119
7120 Germantown AvenuePhiladelphiaPA19119
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Property Description
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.
Full Property Details
Full Property Details for 7120 Germantown Ave
General
- Price: $605,000
- Taxes: $3,689 (2023)
- Status: Active
- Type: Retail
- MLS ID: PAPH2221310
- Updated: 5/8/2024
- Added to Site: 424 day(s) ago
Business
- Business Type: Other/General Retail
Parking
- Total Spaces: 1
- Parking Type: Private Garage
Location
- Area: 19119 (19119)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Mt Airy
- Subdivision: Mt Airy
- Driving Directions: On Germantown between East Durham St, and W. Mt. Pleasant
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 0
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,561
- Lot Size Source: Assessor
- Lot Dimensions: 17.00 x 95.00
- Zoning: CMX25
Financial Considerations
- Assessment Year: 2023
- School Tax: $2,024
- City/TownTax: $1,665
- City/TownTax Freq: Annually
- Tax w/Assessment: $263,600
- Tax Amount: $3,689
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 129
Listed by Frink Realty, LLC, Taison DeVore
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Schools
Schools serving 7120 Germantown Ave
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
7300 Rural Ln, Philadelphia, PA 19119 | K-8 | 0.3 mi | |
6498 Ridge Ave, Philadelphia, PA 19128 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7120 Germantown Ave
Date
Details
Price
Change
Source
5/08/2024
Price Reduced
$605,000
-2.42%
MLS
4/04/2024
Price Reduced
$620,000
-0.8%
MLS
1/03/2024
Price Reduced
$625,000
-3.1%
MLS
10/04/2023
Price Reduced
$645,000
-0.77%
MLS
7/25/2023
Price Reduced
$650,000
-7.14%
MLS
4/06/2023
Listed
$700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7120 Germantown Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$2,601
-30%
-100%
2023
$3,690
42%
$263,600
42%
2020
$2,601
1%
$185,800
1%
2019
$2,576
3%
$184,000
3%
2018
$2,501
3%
$178,700
3%
2017
$2,417
—
$172,700
—
2016
$2,417
4%
$172,700
—
2015
$2,314
—
$172,700
—
2014
$2,314
29%
$172,700
839%
2013
$1,798
—
$18,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7120 Germantown Ave
7120 Germantown Avenue, Philadelphia, PA 19119 (MLS# PAPH2221310) is a Retail property. 7120 Germantown Avenue is currently listed for $605,000 and was received on April 06, 2023. Want to learn more about 7120 Germantown Avenue? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.