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    5561 Baynton Street

    PHILADELPHIA, PA 19144
    • $750,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: PAPH1010394
    Price Reduced
    UPDATED: 29 min ago
    $750,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Information

    Elementary School:
    High School:

    Description

    Calling all Developers, Investors and prospective landlords! Here is an opportunity to own this 10,000 sq ft (land) 4,162 (interior) property! Previously leased as an auto garage, for over 30 years, this Germantown Gem can easily be constructed into anything. Seller recently wanted to convert property into professional office space and already has plans drafted from his architect. Lot can be constructed into 20-30 Apts, if you build up. Parcel has building, lot and another building on Armat St attached to it. Seller already has environmental site assessment completed. The building is in need of repair. However, seller will still continue to make repairs until property is sold. Based on comps the rental rate is favorable to landlords. Rents in the area and potential rents for the units range from 1,000-1,400/month for 1 bedroom units and $1,400 to $1,600/month for 2 bedroom units. Additional units may be possible by utilizing the Mixed-Income Housing Zoning Bonus which would allow developers to add affordable dwellings to their project to pay into a fund that supports affordable housing. In return, the development gets more floor, area height and or other dwellings. Check out Phila.gov for more information. Seller is considering all reasonable offers!

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-08T13:52:22.537.
    www.locomusings.com/homes/116443327
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    5561 Baynton Street PHILADELPHIA, PA 19144

    • Price: $750,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: PAPH1010394
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1920
    Built
    Neighborhood:
    Germantown
    County:
    Philadelphia
    Area:
    19144 (19144)
    Elementary School:
    John Wister School
    High School:
    Germantown
    School District:
    The School District Of Philadelphia
    Property Description
    Calling all Developers, Investors and prospective landlords! Here is an opportunity to own this 10,000 sq ft (land) 4,162 (interior) property! Previously leased as an auto garage, for over 30 years, this Germantown Gem can easily be constructed into anything. Seller recently wanted to convert property into professional office space and already has plans drafted from his architect. Lot can be constructed into 20-30 Apts, if you build up. Parcel has building, lot and another building on Armat St attached to it. Seller already has environmental site assessment completed. The building is in need of repair. However, seller will still continue to make repairs until property is sold. Based on comps the rental rate is favorable to landlords. Rents in the area and potential rents for the units range from 1,000-1,400/month for 1 bedroom units and $1,400 to $1,600/month for 2 bedroom units. Additional units may be possible by utilizing the Mixed-Income Housing Zoning Bonus which would allow developers to add affordable dwellings to their project to pay into a fund that supports affordable housing. In return, the development gets more floor, area height and or other dwellings. Check out Phila.gov for more information. Seller is considering all reasonable offers!
    Exterior Features

    Construction Materials Masonry Garage YN No Other Equipment None Parking Types Driveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4162.00 Cooling None Heating None Heating YN Yes Net Square Feet 4162.00

    Property Features

    Acceptable Financing CashIndustrial Development AuthorityOther Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment BuildingDay Care FacilityConvenience Store/GasBig Box RetailBanquet Facility/LodgeAuto RelatedFuneral HomeHair Salon And SpaHealth ClubMedicalParking GarageParking LotProfessionalRestaurant/BarStorageSupermarket/Grocery Store Central Air YN No Cooling Fuel None Electric 200+ Amp Service Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304575082815 Ownership Interest Fee Simple Possession Immediate Property Sub Type Services Sale Type Standard Sewer Public SepticPublic Sewer Tax Annual Amount 2615.00 Tax Assessment Amount 186800.00 Tax Lot 353 Vacation Rental YN No Water Source Public Zoning Icmx

    Listing courtesy of Realtytopia, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-08T13:52:22.537.
     
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