PA
PHILADELPHIA
PHILADELPHIA
19124
4714 GRISCOM STREET
4714 GRISCOM STREET, PHILADELPHIA, PA 19124
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Listing Type
Multi Family
Listing Status
active
6
$279,900

Home Details for 4714 GRISCOM STREET

Price
$279,900
Type
Residential Income
Bedrooms
10
Bathrooms
Square feet
3750
Year built
1940
Lot size acres
0.05
County
PHILADELPHIA
Total rooms
12
Garage
Basement
Full, Unfinished
Days on site
198
MLS Listing#
PAPH2452610
Property Description

Seller financing available! Remodeling is currently underway, and the owner is looking to sell at any stage of the rehab. The current framing that has been completed enables various uses, from 5 apartments (zoning variance is required), to 4 apartments, triplex, duplex, down to extra-large single that can be used as an assisted living or group-housing of 12 bedrooms. Historically, this building was always multi-unit. The owner temporarily converted it to single-family to expedite permits, the new layout reflects its multi-unit potential. ARV $850k++ (income-based valuation) Property Overview: •     Size: 3,750 SF •     Zoning: RSA-5, previously multi-unit – strong case for grandfathering variance approval •     Current Status: Remodeling underway, available for sale at any rehab stage. •     Completed Work: Architectural plans, framing, new windows, rough plumbing, rough electrical, insulation (in progress). •     Remaining Work: HVAC, drywall, painting, flooring, kitchens, and bathrooms (Estimated Cost: $120K–$160K). Flexible Investment Options: •     5 Apartments (Variance Required): o     Units of 2BR/1BA, potential rents up to $1,500/month. o     Total projected rent: $7,300/month. •     Group Housing/Assisted Living (10-12 Bedrooms): o     Ideal for sober living, transitional housing, veteran programs, or assisted living. o     Projected rents: $7,000–$8,400/month.

Property Features
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
  • Heating Information
    • None
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: BHHS Fox & Roach-Haverford - 610-649-4500
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Last Updated: 2025-09-05 07:34:11
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EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143
Rich Roberts
Sales Representative
Office
215 623 6000
Agent
717 723 0755
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