1. Pennsylvania
2. Philadelphia
3. 5600 GERMANTOWN AVENUE

5600 GERMANTOWN AVENUE, Philadelphia, PA 19144

Property Description

SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire Frederick Douglas Apartments, a 16-unit mixed use asset over 7,021 square feet of commercial space in the Germantown neighborhood of Philadelphia, PA. Frederick Douglas Apartments, located at 5600-5606 Germantown Ave, is a 24,585 square-foot property consisting of 16 residential units over two commercial units. The property offers five studios, five one-bedroom, one-bathroom units, and six two-bedroom, one-bathroom units. The average monthly rent is $786 for studios, $775 for one-bedroom units, and $1,020 for the two-bedroom units, resulting in an overall average rent of $870 per unit. New ownership can raise rents to meet the market as is for a 25 percent upside. Additionally, renovating unit interiors could allow for a further 38 percent rent growth. The commercial unit 5604-5606 is also leased out until 2029 with personal guarantees in place. There is about another $60,000 of upside if the other commercial unit is leased. 5600-02 offers about 3,300 square feet of commercial and 5604-06 offers about 3,700 square feet.

Listing Status:

Active

Date Added:

February 26, 2025 at 06:00AM

Listing Office:

Scope Commercial Real Estate Services, Inc. : 2153024400

Listing Agent:

Joseph M. Loonstyn Jr. : 2672520223

MLS ID:

PAPH2449988

Interior

• A/C: Central A/C
• Heating: YCentralElectric
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Joseph M. Loonstyn Jr., Scope Commercial Real Estate Services, Inc.