in-place 8 Cap. Built in 2019 and still benefiting from Philadelphia’s 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants.
The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue’s active redevelopment corridor—near new multifamily, community, and retail projects—positioning it for continued appreciation as the neighborhood matures.
Highlights
2019 Construction – Modern systems and finishes
100% Occupied – One commercial + six residential tenants
Tax Abatement through 2029 – Exceptional near-term yield
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Listing Snapshot
Price
$2,250,000
Days On Site
12 Days
Bedrooms
N/A
Inside Area (SqFt)
10,404 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.09 Acres
Year Built
2019
MLS® Number
PAPH2626220
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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