8022 Germantown Ave
Philadelphia, PA 19118

Presented by
Neil DiFranco, Elfant Wissahickon Realtors®

Chestnut Hill Mixed-Use Commercial Opportunity

Sold
Multi Family Dwelling

$535,000

Investment Opportunity: Mixed-Use Building in Chestnut Hill with Commercial and Residential Rental Income. This well-maintained mixed-use building offers a bi-level retail space on the first floor consisting of approximately 850sqft with convenient and open access to the basement for ample overflow space (roughly 750sqft additional). Above the store is a bright and spacious 1-bedroom apartment with a large living room complete with Juliette balcony, dining area, spacious working kitchen with gas cooking, ample wood cabinetry and tiled countertop, full bath with shower over tub, and in-unit laundry. The apartment layout offers the potential to be converted into a two-bedroom unit to maximize value with higher rental income. Out back is a small courtyard and open rear yard. The commercial space is occupied by the long term and established business - Chestnut Hill Audio - with a lease through June of 2024 at $2,000 per month. The residential unit is currently rented for $1,400/mo through June of 2024. 

Located on bustling Germantown Avenue, this property is just steps away from some of the best shops, restaurants, and public transportation of the Chestnut Hill business corridor.


Beds

1

Baths/Half

1/1

Interior

1700

Year

1930

Lot

0.048

Contact

Neil DiFranco
PA License: RS326853
The Larry DiFranco Team
Elfant Wissahickon Realtors®
Office: +1 215-247-3600 ext. 340
Fax: +1 215-242-5262
Mobile: +1 215-520-7166

Larry
Larry DiFranco
PA License: AB044425A
The Larry DiFranco Team
Elfant Wissahickon Realtors®
Office: +1 215-247-3600 ext. 240
Fax: +1 215-242-5262
Mobile: +1 215-681-6940