2038 Grant Ave
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2038 Grant Ave
1,850 SF Specialty Building Offered at $499,000 in Philadelphia, PA 19115
Investment Highlights
- Low Taxes about $2,400 yr.
Executive Summary
BUSINESS DISTRICT - COMMERCIAL + RESIDENTIAL
2038 GRANT AVE. PHILADELPHIA, PA 19115
To see 250 more photos go to our Google Drive -
https://drive.google.com/drive/folders/1yL9tv91J-BIwQNjA5eehfXR0S7HzG1ga
MLS # PAPH2151596
RSA-3 Zoning. Excellent condition. PARKING FOR 10+ CARS on 150 foot drive way! PLENTY OF ROOM IN THE BACKYARD FOR VERY LARGE ADDITIONS or a POOL. Views of Center City, Walking distance to the Boulevard, Shopping Malls, Public Transportation, etc. Highest rated schools, lowest crime rate in Philadelphia, low taxes. Size is 1250 inside + 800 basement = 1850 sq ft total inside + 400 2nd building + 4,138 land. Lot size is 33FT(W) x 150FT(L).
New Hot Water Heater Dec 2022. New Gas Heater HV system Dec 2015. New paint everywhere every 3 months. Except for the 3 rooms of marble & tile, all the other "floors" & "steps" are stained high gloss real original wood including many "ceilings" such as: (1) the basement utility room stained wood ceilings, + (2) Stained wood ceilings in the Sun Room / Porch, + (3) Stained wood ceilings in the Attic + (4) Stained wood ceilings in the 2nd building. No carpets anywhere, real red marble kitchen floor, soap stone back splash and slate kitchen countertop. Bath Tub & Surround is all one (1) piece, so NO caulk anywhere, never any mold. New colonial decorative window trim & new colonial 6" baseboards everywhere. Crown modeling & chair rail molding w/ solid wood beaded stained wall paneling in the porch.
Outdoors under the siding is plastic bubble wrap insulator we added in 2004. The 2nd building inside has 4x4 structural beams painted white high-gloss framing, + high gloss orange / yellow walls & wood stained ceilings again with electricity inside & outside. Additionally, there is a large storage area behind the 2nd building.
Curb traps & vent pipe on both the storm & sewer vent lines under the sidewalk were replaced April 26, 2021. On the same week in 2021, Gas lines under curb for the entire property were checked for leaks by PGW with compressed air. August 2021, sewer + storm drains under the driveway & basement were replaced. Additionally, in 2021 the property had a treatment for termites good for 10 years.
Zoned RSA-3 and that can be changed through a Court Process if needed via: https://www.phila.gov/services/permits-violations-licenses/apply-for-a-permit/zoning-permits/get-a-zoning-permit-for-a-change-in-use-of-a-property/
AS RSA-3 YOU ARE AUTOMATICALLY APPROVED AS CERTAIN TYPES OF BUSINESSES WITH OUT A ZONING CHANGE.
L&I said they would approve a zoning change to "C" commercial, because of a grandfather clause on the street, and also because we are in the center of the BUSINESS DISTRICT. Though you should call L&I them 1st and tell them what type of business you want to put there. They'll say no to high traffic retail, but yes to a business with low visitors; such as a Lawyer, Insurance Company, Accountant, Real Estate Company, or similar, etc.
Business street signage can be erected upon a community process via https://gbcl.online/ - Greater Bustleton Civic League. The community needs to approve your new street sign design & words.
Values increased greatly in this zip code since COVID 19, as a lot of people moved out of Center City apartment buildings and into singles. There are NO ROW HOMES IN THIS ZIP CODE.
In 2021, we were 1 of 60 businesses in Philadelphia that competed in the Philadelphia Flower Show's "Bloom Philly Contest" which raises awareness to the upcoming main event, the largest & oldest Flower Show in America, ...thus explaining the 200 landscaping photos which show our 260 nursery pots surrounding the property landscaping. SEE LINK AT END FOR 250 PHOTOS.
Great for a business that wants to put up a street sign, since we get 25,000 cars a day, as according to the reports at: https://www.dvrpc.org/webmaps/TrafficCounts
and also
https://gis.penndot.gov/BPR_PDF_FILES/MAPS/Traffic/Traffic_Volume/County_Maps/Philadelphia_tv.pdf
Your basically buying Commercial, but paying a Residential Mortgage % Rate.
As an example at 3.25% with 10% down, your payments are $1,400 a month. This is much cheaper than a retail store lease on Grant Ave., and this property is 10 times larger than the average stores on this street.
This property is priced $250k to $500k less than the "commercials" sold on Castor Ave & Bustleton Ave. We are much larger, and in a better neighborhood. We have plenty of room to build a very large addition in the backyard.
To see 250 more photos go to our Google Drive -
https://drive.google.com/drive/folders/1yL9tv91J-BIwQNjA5eehfXR0S7HzG1ga
.
.
COMPS WITH IN 1/2 MILE OR LESS -
.
.
2,700 sqft
1832 Grant Ave, Philadelphia, PA 19115
Sold: $475,000
Sold on 09/08/22
Lot: 9,018 sqft
2 bd-- ba 2,491 sqft
9413 Bustleton Ave, Philadelphia, PA 19115
Sold: $405,000
Sold on 09/20/22
Lot size: 7,840 sqft
Lot size dimensions: 27.4 x 325.2
4 bd 2 ba 3,334 sqft
1914 Kohl St, Philadelphia, PA 19115
Sold: $500,000
Sold on 04/06/22
Lot: 0.29 Acres
4 bd 3 ba 2,347 sqft
9408 Evans St, Philadelphia, PA 19115
Sold: $570,000
Sold on 03/23/22
Lot: 6,098 sqft
4 bd 3 ba 3,237 sqft
2021 Murray St, Philadelphia, PA 19115
Sold: $510,000
Sold on 12/10/21
Lot: 0.38 Acres
4 bd 4 ba 3,537 sqft
9241 Old Newtown Rd, Philadelphia, PA 19115
Sold: $617,000
Sold on 02/18/22
Lot: 4,950 sqft
4 bd - ba 2,200 sqft
TWIN ##
1961 Ambassador St, Philadelphia, PA 19115
Sold: $485,000
Sold on 11/29/22
Lot size: 2,728 sqft
Lot size dimensions: 30 x 92
4 bd - ba 2,200 sqft
TWIN ##
9203 Ambassador Pl, Philadelphia, PA 19115
Sold: $473,850
Sold on 07/15/22
Lot size: 2,769 sqft
Lot size dimensions: 30 x 93
.
.
C-1 COMPS -
.
.
SOLD $716,000
DATE 12/17/2021
716 Red Lion Road
Philadelphia, PA 19115
$699,900
12006 Bustleton Avenue
Philadelphia, PA 19116
SOLD $1,800,000
DATE 01/29/2021
7601 Castor Avenue
Philadelphia, PA 19152
SOLD $1,200,000
DATE 04/19/2021
8014 Castor Avenue
Philadelphia, PA 19152
SOLD $585,000
DATE 08/28/2020
8298 Bustleton Avenue
Philadelphia, PA 19152
SOLD $680,000
DATE 11/17/2020
6447-49 Rising Sun Ave- Rising Sun Avenue
Philadelphia, PA 19111
$629,900
7816 Halstead Street
Philadelphia, PA 19111
$649,000
8725 Frankford Avenue
Philadelphia, PA 19136
SOLD $780,000
DATE 01/28/2022
7602 - 7604- Castor Avenue
Philadelphia, PA 19152
SOLD $639,900
DATE 12/17/2021
10159 Verree Road
Philadelphia, PA 19116
SOLD $475,000
DATE 08/31/2021
8407 Bustleton Avenue
Philadelphia, PA 19152
-----------------------------------------------------
-----------------------------------------------------
Telephone: 215-888-8080
MF@LaserLightShow.ORG
2038 Grant Ave.
Philadelphia, PA 19115
To see 200 photos go to Zillow -
https://www.zillow.com/homedetails/2038-Grant-Ave-Philadelphia-PA-19115/10518912_zpid
2038 GRANT AVE. PHILADELPHIA, PA 19115
To see 250 more photos go to our Google Drive -
https://drive.google.com/drive/folders/1yL9tv91J-BIwQNjA5eehfXR0S7HzG1ga
MLS # PAPH2151596
RSA-3 Zoning. Excellent condition. PARKING FOR 10+ CARS on 150 foot drive way! PLENTY OF ROOM IN THE BACKYARD FOR VERY LARGE ADDITIONS or a POOL. Views of Center City, Walking distance to the Boulevard, Shopping Malls, Public Transportation, etc. Highest rated schools, lowest crime rate in Philadelphia, low taxes. Size is 1250 inside + 800 basement = 1850 sq ft total inside + 400 2nd building + 4,138 land. Lot size is 33FT(W) x 150FT(L).
New Hot Water Heater Dec 2022. New Gas Heater HV system Dec 2015. New paint everywhere every 3 months. Except for the 3 rooms of marble & tile, all the other "floors" & "steps" are stained high gloss real original wood including many "ceilings" such as: (1) the basement utility room stained wood ceilings, + (2) Stained wood ceilings in the Sun Room / Porch, + (3) Stained wood ceilings in the Attic + (4) Stained wood ceilings in the 2nd building. No carpets anywhere, real red marble kitchen floor, soap stone back splash and slate kitchen countertop. Bath Tub & Surround is all one (1) piece, so NO caulk anywhere, never any mold. New colonial decorative window trim & new colonial 6" baseboards everywhere. Crown modeling & chair rail molding w/ solid wood beaded stained wall paneling in the porch.
Outdoors under the siding is plastic bubble wrap insulator we added in 2004. The 2nd building inside has 4x4 structural beams painted white high-gloss framing, + high gloss orange / yellow walls & wood stained ceilings again with electricity inside & outside. Additionally, there is a large storage area behind the 2nd building.
Curb traps & vent pipe on both the storm & sewer vent lines under the sidewalk were replaced April 26, 2021. On the same week in 2021, Gas lines under curb for the entire property were checked for leaks by PGW with compressed air. August 2021, sewer + storm drains under the driveway & basement were replaced. Additionally, in 2021 the property had a treatment for termites good for 10 years.
Zoned RSA-3 and that can be changed through a Court Process if needed via: https://www.phila.gov/services/permits-violations-licenses/apply-for-a-permit/zoning-permits/get-a-zoning-permit-for-a-change-in-use-of-a-property/
AS RSA-3 YOU ARE AUTOMATICALLY APPROVED AS CERTAIN TYPES OF BUSINESSES WITH OUT A ZONING CHANGE.
L&I said they would approve a zoning change to "C" commercial, because of a grandfather clause on the street, and also because we are in the center of the BUSINESS DISTRICT. Though you should call L&I them 1st and tell them what type of business you want to put there. They'll say no to high traffic retail, but yes to a business with low visitors; such as a Lawyer, Insurance Company, Accountant, Real Estate Company, or similar, etc.
Business street signage can be erected upon a community process via https://gbcl.online/ - Greater Bustleton Civic League. The community needs to approve your new street sign design & words.
Values increased greatly in this zip code since COVID 19, as a lot of people moved out of Center City apartment buildings and into singles. There are NO ROW HOMES IN THIS ZIP CODE.
In 2021, we were 1 of 60 businesses in Philadelphia that competed in the Philadelphia Flower Show's "Bloom Philly Contest" which raises awareness to the upcoming main event, the largest & oldest Flower Show in America, ...thus explaining the 200 landscaping photos which show our 260 nursery pots surrounding the property landscaping. SEE LINK AT END FOR 250 PHOTOS.
Great for a business that wants to put up a street sign, since we get 25,000 cars a day, as according to the reports at: https://www.dvrpc.org/webmaps/TrafficCounts
and also
https://gis.penndot.gov/BPR_PDF_FILES/MAPS/Traffic/Traffic_Volume/County_Maps/Philadelphia_tv.pdf
Your basically buying Commercial, but paying a Residential Mortgage % Rate.
As an example at 3.25% with 10% down, your payments are $1,400 a month. This is much cheaper than a retail store lease on Grant Ave., and this property is 10 times larger than the average stores on this street.
This property is priced $250k to $500k less than the "commercials" sold on Castor Ave & Bustleton Ave. We are much larger, and in a better neighborhood. We have plenty of room to build a very large addition in the backyard.
To see 250 more photos go to our Google Drive -
https://drive.google.com/drive/folders/1yL9tv91J-BIwQNjA5eehfXR0S7HzG1ga
.
.
COMPS WITH IN 1/2 MILE OR LESS -
.
.
2,700 sqft
1832 Grant Ave, Philadelphia, PA 19115
Sold: $475,000
Sold on 09/08/22
Lot: 9,018 sqft
2 bd-- ba 2,491 sqft
9413 Bustleton Ave, Philadelphia, PA 19115
Sold: $405,000
Sold on 09/20/22
Lot size: 7,840 sqft
Lot size dimensions: 27.4 x 325.2
4 bd 2 ba 3,334 sqft
1914 Kohl St, Philadelphia, PA 19115
Sold: $500,000
Sold on 04/06/22
Lot: 0.29 Acres
4 bd 3 ba 2,347 sqft
9408 Evans St, Philadelphia, PA 19115
Sold: $570,000
Sold on 03/23/22
Lot: 6,098 sqft
4 bd 3 ba 3,237 sqft
2021 Murray St, Philadelphia, PA 19115
Sold: $510,000
Sold on 12/10/21
Lot: 0.38 Acres
4 bd 4 ba 3,537 sqft
9241 Old Newtown Rd, Philadelphia, PA 19115
Sold: $617,000
Sold on 02/18/22
Lot: 4,950 sqft
4 bd - ba 2,200 sqft
TWIN ##
1961 Ambassador St, Philadelphia, PA 19115
Sold: $485,000
Sold on 11/29/22
Lot size: 2,728 sqft
Lot size dimensions: 30 x 92
4 bd - ba 2,200 sqft
TWIN ##
9203 Ambassador Pl, Philadelphia, PA 19115
Sold: $473,850
Sold on 07/15/22
Lot size: 2,769 sqft
Lot size dimensions: 30 x 93
.
.
C-1 COMPS -
.
.
SOLD $716,000
DATE 12/17/2021
716 Red Lion Road
Philadelphia, PA 19115
$699,900
12006 Bustleton Avenue
Philadelphia, PA 19116
SOLD $1,800,000
DATE 01/29/2021
7601 Castor Avenue
Philadelphia, PA 19152
SOLD $1,200,000
DATE 04/19/2021
8014 Castor Avenue
Philadelphia, PA 19152
SOLD $585,000
DATE 08/28/2020
8298 Bustleton Avenue
Philadelphia, PA 19152
SOLD $680,000
DATE 11/17/2020
6447-49 Rising Sun Ave- Rising Sun Avenue
Philadelphia, PA 19111
$629,900
7816 Halstead Street
Philadelphia, PA 19111
$649,000
8725 Frankford Avenue
Philadelphia, PA 19136
SOLD $780,000
DATE 01/28/2022
7602 - 7604- Castor Avenue
Philadelphia, PA 19152
SOLD $639,900
DATE 12/17/2021
10159 Verree Road
Philadelphia, PA 19116
SOLD $475,000
DATE 08/31/2021
8407 Bustleton Avenue
Philadelphia, PA 19152
-----------------------------------------------------
-----------------------------------------------------
Telephone: 215-888-8080
MF@LaserLightShow.ORG
2038 Grant Ave.
Philadelphia, PA 19115
To see 200 photos go to Zillow -
https://www.zillow.com/homedetails/2038-Grant-Ave-Philadelphia-PA-19115/10518912_zpid
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$19,200
|
$15.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,200
|
$15.36
|
| Taxes |
$2,409
|
$1.93
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,409
|
$1.93
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $15.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $15.36 |
| Taxes | |
|---|---|
| Annual | $2,409 |
| Annual Per SF | $1.93 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,409 |
| Annual Per SF | $1.93 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $499,000 | Lot Size | 0.10 AC |
| Price Per SF | $270 | Building Size | 1,850 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Sale Conditions | 1031 Exchange | Year Built/Renovated | 1949/2023 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Residential Income | Parking Ratio | 5.41/1,000 SF |
| Building Class | C |
| Price | $499,000 |
| Price Per SF | $270 |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,850 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2023 |
| Tenancy | Single |
| Parking Ratio | 5.41/1,000 SF |
Amenities
- Bus Line
1 of 1
Walk Score ®
Very Walkable (81)
zoning
| Zoning Code | RSA3 (RSA-3. Zoning can be changed through a Court Process if needed. Signage can be erected upon a community process.) |
| RSA3 (RSA-3. Zoning can be changed through a Court Process if needed. Signage can be erected upon a community process.) |
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2038 Grant Ave
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