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7132 Germantown Ave
For Sale $695,000 ($265.37 per Sq Ft)
$695,000 ($265.37 per Sq Ft)
- 3 Units
- 2,619 Sq Ft
- 1,642 Sq Ft
- Unknown Cap Rate
Description
Welcome to this well-maintained mixed-use property located in the heart of the Central Mount Airy Commercial Historic District. This remarkable building is one of a row of ten three-story brick buildings, designed and constructed by architect Frederick Fox in 1898. This property offers a blend of historical charm and modern functionality with a prime location making it an ideal investment opportunity. The first floor features a large commercial space, perfect for a variety of business ventures. It includes a kitchen, a private back office, and access to a basement with ample storage space. The commercial space has forced air heat and air conditioning. The property's utility setup is highly efficient, with separate electric and gas utilities for each unit. The second and third floors house spacious 1-bedroom apartments, each with residential leases in place. These upper-level units are designed for comfortable living with features such as gas cooking, in-unit stackable washer/dryers, split systems for AC and ample natural light. Additional amenities include a large rear shed providing extra storage space and a rear yard area with convenient alley access. Located in the vibrant Mount Airy neighborhood, this property benefits from its proximity to an array of shops, restaurants, and transportation options, ensuring convenience and a high quality of life for both commercial and residential tenants. Don’t miss the opportunity to own a piece of Mount Airy's history while enjoying modern amenities and a prime location!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $695,000 |
| Property Type | Other |
| Usable Sqft | 2,619 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1898 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871022600 |
| MLS # | PAPH2450572 |
| Property ID | 321308188 |
| Lot Sqft | 1,642 |
| Zoning | CMX25 |
| Total Units | 3 |
| Days on Market | 2 |
| Original List Price | Unknown |
| Applicances | Refrigerator,Oven/Range - Gas,Oven/Range - Electric,Washer/Dryer Stacked% |
| Date Updated | February 27, 2025 |
| Date Created | February 26, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $55,800 | $0 |
| Net Income (Yr) | $ 47,725 |
| Cap Rate | 6.87% |
Listing Provided By
Neil DiFranco an agent of Elfant Wissahickon-Chestnut Hill. Lic #RS326853
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Data last updated: February 28, 2025.
Robert Crawford
REAL ESTATE AGENT