UPDATED:
12/11/2024 05:42 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $123
MLS Listing ID PAPH2425414
Style Traditional
Abv Grd Liv Area 1,050
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $1,405
Tax Year 2024
Lot Size 1,757 Sqft
Acres 0.04
Lot Dimensions 20.00 x 88.00
Property Description
Discover a prime investment opportunity in a zoning district (RM-1) that allows multi-family conversions by-right. This means you can transform this solid brick, detached property into a 2-, 3-, or even 4-unit multifamily building by-right.
Comps for similar multi-family properties in the area range from $300k to $450k, offering substantial upside potential.
Location: Nestled on a quiet block, this property provides a serene environment with high rental demand.
Status: Framing has already started, demolition is complete, and engineer-stamped plans for a duplex layout are available.
Looking for more? Update the plans to add an addition and maximize your investment with a 3- or 4-unit layout. Whether you want to live, rent, or sell, this property offers endless potential.
Great bones for a seamless renovation.
Ready for immediate framing and development.
A rare opportunity to finish a multi-family home tailored to your vision.
Schedule your showing today!
Agent has financial interest. Seller is working on other projects and is selling to free up capital. If not sold, seller will complete project as it is an ideal small multi.
Location
State PA
County Philadelphia
Area 19141 (19141)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Fireplace N
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 172357400
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Bank Portfolio, Conventional, FHA 203(k), Joint Venture, Other
Listing Terms Cash, Bank Portfolio, Conventional, FHA 203(k), Joint Venture, Other
Financing Cash,Bank Portfolio,Conventional,FHA 203(k),Joint Venture,Other
Special Listing Condition Standard
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