Description
5015 McKean Ave, Germantown — 7-Unit Historic Investment Opportunity + Carriage HouseLocated just steps from the coveted Germantown Cricket Club, this historic 7-unit property presents a rare opportunity for an investor to complete a substantial renovation already underway. The property also includes a detached carriage house, adding further upside potential.Renovations are approximately 75% complete — all new mechanicals are already installed, including plumbing, electrical, water heaters, framing, and cabinetry. What remains is primarily finish work, allowing an investor to step in and complete the project on their own timeline and to their own specifications.Please note: all permits for the building have expired. The property was renovated up through final inspection, but the work was never completed or closed out. Older stamped plans will be provided to the buyer. Property is being sold in as-is, where-is condition.The property offers a desirable, diverse unit mix:(4) one-bedroom apartments(1) studio(1) two-bedroom, two-bath unit(1) three-bedroom, two-bath unit(1) carriage houseFull of charm and unique architectural details throughout, this is a true one-of-a-kind property. The building is currently 100% vacant, offering a clean slate for renovation completion and lease-up.Property size: 4,382 sq ft building on a 21,318 sq ft lot (nearly half an acre)Opportunities like this don't come around often — schedule your showing today.
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Description
5015 McKean Ave, Germantown — 7-Unit Historic Investment Opportunity + Carriage HouseLocated just steps from the coveted Germantown Cricket Club, this historic 7-unit property presents a rare opportunity for an investor to complete a substantial renovation already underway. The property also includes a detached carriage house, adding further upside potential.Renovations are approximately 75% complete — all new mechanicals are already installed, including plumbing, electrical, water heaters, framing, and cabinetry. What remains is primarily finish work, allowing an investor to step in and complete the project on their own timeline and to their own specifications.Please note: all permits for the building have expired. The property was renovated up through final inspection, but the work was never completed or closed out. Older stamped plans will be provided to the buyer. Property is being sold in as-is, where-is condition.The property offers a desirable, diverse unit mix:(4) one-bedroom apartments(1) studio(1) two-bedroom, two-bath unit(1) three-bedroom, two-bath unit(1) carriage houseFull of charm and unique architectural details throughout, this is a true one-of-a-kind property. The building is currently 100% vacant, offering a clean slate for renovation completion and lease-up.Property size: 4,382 sq ft building on a 21,318 sq ft lot (nearly half an acre)Opportunities like this don't come around often — schedule your showing today.
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