5037 Wissahickon Avenue

Development opportunity!! 0.17 Acre CMX2 site with zoning currently in place for 18 residential units and one commercial space. So many flexible options with CMX2. Central locationwalkable to Fernhill Park, minutes from US1, and convenient to the commercial corridors of Wayne Junction/Germantown/Mt Airy, East Falls, and easily accessible to Center City, the Main Line, Chestnut Hill, and the Northeast. Note--The site currently houses a vacant 6,700 building that would need to be razed as part of current plan. 5037-5041 Wissahickon is also being offered as part of a larger portfolio with various purchase options. Details on the portfolio and all package combinations include--Superb turn-key commercial investment package. Includes 5 fully occupied, income-generating apartment buildings (34 total units) in excellent locations. 23 units in red-hot Germantown. 6 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings, some with remaining tax abatements Proper Zoning and Active Rental Licenses for every unit Solid Cap Rates! Each apartment building is fully turnkey, and in excellent condition Fully separated gas and electric All units include in-unit dishwasher and washer/dryer New or newer stainless-steel appliances & granite countertops in 34 units (3 units have nice white appliances) Some units with nice outdoor space as well Each unit has reasonable rents for its desirable location and pristine conditionexactly what tenants are looking for. Always easy to rent The current owner values both quality tenants and no vacancies. All leases run into mid-2026. All buildings well-cared for and maintained with a striking pride of ownership. The 5-building breakdown is as follows: 4529 Pulaski (14 units2022 ground-up new construction--Tax Abatement thru 2031)$2,275,000 4637 Germantown (9 units2024 ground up new construction-Tax Abatement thru 2035)$1,525,000 These two buildings are a few blocks apart and are also available as a solid 23-unit mini package at $3,800,000. Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Transit hub and Right off the Roosevelt Extension (US1) 1148 & 1150 S 15th (6 units being sold together or as two separate triplexes; both 2014 new construction)$1,400,000 (or $700,000 each) A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, Italian Market, and Center City 5027 Spruce Street (5 units2017 ground up new constructionTax abatement thru 2026)$825,000. Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great SEPTA access. Excellent numbersthe entire package offers a 7.66% cap rate. OFFERING MEMORANDUM available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information. Two additional Development Opportunities are also available for purchase: 5037 WissahickonZoning approval for 18 residential units and one commercial space$475,000 4633 GermantownVacant lot with potential to also acquire city owned corner lot next door and build a 9-unit building by right$27,500. The city-owned lot is 4635 Germantown and is directly across the street from 4637 Germantown. Note that the 4633 Germantown vacant lot goes street to street and has a clear encroachment built onto the rear portion. Contact Listing Agent for Offering Memorandum. OM includes bed/bath count. Note: A property originally in this package is under contract and has been removed.