5561 BAYNTON Street
5561 BAYNTON Street Philadelphia, Pennsylvania 19144 United States

$750,000
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RealtyTopia, LLC

Listing Courtesy of RealtyTopia, LLC
.23 Acres
Exterior
Commercial
Property type
1920
Year Built
PAPH1010394
Web Id
PAPH1010394
MLS ID
GERMANTOWN
Subdivision
Philadelphia City
School District
John Wister School
Elementary
Germantown
High
21
days ago

About 5561 BAYNTON Street

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!

Listing Courtesy of RealtyTopia, LLC

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Lusk & Associates Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This 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.

features

cooling
Electric

PROPERTY INFORMATION

Sewer
Public Septic, Public Sewer

ADDITIONAL INFORMATION

Body of Water
Public
Listing Courtesy of RealtyTopia, LLC