Rare Opportunity – 13%+ Cap Rate! High Cash Flow Investment

[Zeev Segal]

📢 Value-Add Multi-Family or Group Housing Opportunity – 13%+ Cap Rate! 🏢🔥

📍 4714 Griscom St, Philadelphia, PA 19124
💰 Asking Price: [Insert Your Price] | ARV: $850K+
📏 Size: 2,570 SF
🏠 Current Zoning: RSA-5 (Originally Multi-Unit – Easy Variance!)
🚀 High Cash Flow Potential: $7,300+/mo

📌 About the Property:

This is a rare value-add opportunity in an up-and-coming area of Philadelphia! Originally configured as a 5-unit multi-family building (previously used as offices and later a duplex), this property was reclassified as single-family RSA-5 to expedite the initial rehab process. Investors looking to reinstate multi-unit use will find this to be a low-risk zoning variance, given the building’s historical multi-family use.

✔ Already Gutted & Prepped! Rough framing, rough electric, and rough plumbing are completed. Finish it as a 5-unit apartment building, a spacious single-family, or a high-income group housing investment.

✔ Massive Income Potential – Whether as apartments or a 10-12 bed group housing model, expect $7,300+ in monthly rental income based on conservative projections.

✔ Multiple Exit Strategies – Convert back to a multi-family rental, finish as a single-family group housing investment, or flip for top-dollar in a rapidly improving area.

💰 Projected Income Scenarios:

🏢 As a 5-Unit Apartment Building (Zoning Variance Required):

• Apt 1: 2BR/1BA – $1,450/mo
• Apt 2: 2BR/1BA w/ Backyard – $1,500/mo
• Apt 3: 2BR/1BA – $1,450/mo
• Apt 4: 2BR/1BA – $1,450/mo
• Apt 5: 2BR/1BA – $1,450/mo
  💰 Total: $7,300/mo ($87,600/year)

🏠 As a Single-Family Group Housing (No Variance Needed):

• 10-12 bedrooms rented at $700+/mo per room
• $7,000–$8,400+/mo in gross rents
• Perfect for sober living, veteran housing, or transitional housing programs

🔥 Why This Deal Works for Investors:

✅ Zoning variance = low risk (previously multi-unit)
✅ Major rehab work already completed (gutted, framed, electric & plumbing rough-in done)
✅ High CAP rate & multiple exit strategies
✅ Group housing model = higher cash flow than traditional rentals
✅ Seller pays buyer's agent commission (3%) & financing is available!

📩 Message me for more details, photos, and investment breakdowns! Serious investors only.