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7122 Germantown Avenue, Philadelphia, PA 19119
$605,000
7122 Germantown Avenue, Philadelphia, PA 19119View this property at 7122 Germantown Avenue, Philadelphia, PA 19119
7122 Germantown AvenuePhiladelphiaPA19119
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Property Description
This great opportunity in Mt. Airy is waiting on a savvy buyer. This mixed used property has a ground floor retail/ office space with the second and third floor used as a Bi level living space. This can be converted back into three units.The current Zoning allows the expansion of building space to build two additional floors to add more apartments. It can also accommodate and cafe, or coffee shop, salon, retail space, Ice cream shop. Mt. Airy is one of the gems of the city. This building can also be sold with 7120 Germantown ave. Each building is priced at $700K. The Luxury condos located across the street at 7111 Germantown ave. are selling from $540K- $900k This is a great opportunity for a owner occupant or investor. Seller would be interested in Seller Financing.
Full Property Details
Full Property Details for 7122 Germantown Ave
General
- Price: $605,000
- Taxes: $3,733 (2023)
- Status: Active
- Type: Retail
- MLS ID: PAPH2221800
- Updated: 5/8/2024
- Added to Site: 424 day(s) ago
Business
- Business Type: Other/General Retail
Parking
- Total Spaces: 1
- Parking Type: Driveway
Location
- Area: 19119 (19119)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Between East Durham and 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): 0.03
- Lot Size (Sq. Ft.): 1,507
- Lot Size Source: Assessor
- Lot Dimensions: 17.00 x 91.00
- Zoning: CMX25
Financial Considerations
- Assessment Year: 2023
- School Tax: $2,048
- City/TownTax: $1,684
- City/TownTax Freq: Annually
- Tax w/Assessment: $266,700
- Tax Amount: $3,733
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1.5%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 134
Listed by Frink Realty, LLC, Taison DeVore
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Schools
Schools serving 7122 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 7122 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 7122 Germantown Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$2,632
-29%
-100%
2023
$3,733
42%
$266,700
42%
2020
$2,632
1%
$188,000
1%
2019
$2,606
3%
$186,200
3%
2018
$2,531
3%
$180,800
3%
2017
$2,447
—
$174,800
—
2016
$2,447
4%
$174,800
—
2015
$2,342
—
$174,800
—
2014
$2,342
30%
$174,800
850%
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 7122 Germantown Ave
7122 Germantown Avenue, Philadelphia, PA 19119 (MLS# PAPH2221800) is a Retail property. 7122 Germantown Avenue is currently listed for $605,000 and was received on April 06, 2023. Want to learn more about 7122 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.