1,275 Sqft Lot
1,275 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2377692
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $272
Tax Year 2023
Lot Size 1,275 Sqft
Acres 0.03
Property Description
Property Highlights! A nicely sized 15 x 85 ft lot with RM1 zoning, ideal for 3 UNIT multi-family residential developments.
"Opportunity Zone Benefits" Take advantage of significant tax incentives and potential investment returns by being located in a designated Opportunity Zone. 10-Year Tax Abatement!
"Construction Ready" Permits have been issued for constructing a new multi-family development, allowing for immediate build-out and reducing the usual time delays associated with obtaining construction approvals.
"Approved Triplex Development "This 3-story multifamily commercial space offers immense potential for developers and investors. The triplex includes:
Ground Floor: A spacious bi-level unit featuring 3 bedrooms and 2 bathrooms, ideal for families or shared living.
Second Floor: A well-designed 2-bedroom, 1-bathroom unit perfect for young professionals or small families.
Third Floor: Another 2-bedroom, 1-bathroom apartment, providing a comfortable and modern living space.
"Rooftop Deck" Enjoy stunning views and additional recreational space with a rooftop deck, adding significant value and appeal.
Located in the rapidly developing neighborhood of Allegheny, North Philadelphia, the demand for residential units is increasing, driven by the proximity to key areas such as Temple University and the city's commercial hubs and minutes from Center City.
"Investment Appeal "The area is experiencing significant growth, with new multi-family developments and investments pouring into the neighborhood, ensuring a high return on investment for developers and investors. With increasing property values and rental rates. Investing now allows you to benefit from future appreciation.
"Immediate Build Potential" This investment promises financial returns and contributes to the revitalization of a growing community, enhancing its infrastructure and living conditions.
"High Demand Area" Proximity to major institutions and the bustling North Broad Street corridor ensures high rental demand and stable occupancy rates.
Modern Living Spaces: Each unit is thoughtfully designed with high-end finishes and modern amenities to cater to the needs of today’s renters.
All necessary certifications and permits have been secured from the City of Philadelphia. Architectural plans are approved. This a dig-in-ready project.
"Prime Location" Situated just minutes away from Temple Hospital and Temple Campus, this property is perfectly positioned to attract students, medical professionals, and city commuters.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 431158100
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Negotiable
Listing Terms Cash, Negotiable
Financing Cash,Negotiable
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
janis@settledownphiladelphia.com
444 N 4th St, Philadelphia, PA, 19123, United States