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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.
Property Type(s):
Commercial
| Last Updated | 2/26/2025 | Year Built | 1958 |
|---|---|---|---|
| Community | 19144 (19144) | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|---|
| High School | GERMANTOWN |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19144 (19144) |
| HEAT | Central, Electric |
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 74.00 x 117.00 |
| PARKING | None |
| SEWER | Septic Tank, Public Sewer |
| TAXES | 18138 |
| WATER | Public |
Location
Listing provided by Scope Commercial Real Estate Services, Inc.
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Data last updated: 4/19/25 1:04 PM PDT
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