$1,625,000
$1,900,000
14.5%For more information regarding the value of a property, please contact us for a free consultation.
6,340 Sqft Lot
SOLD DATE : 01/20/2023
Key Details
Sold Price $1,625,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2162498
Sold Date 01/20/23
Originating Board BRIGHT
Annual Tax Amount $1,847
Tax Year 2023
Lot Size 6,340 Sqft
Acres 0.15
Lot Dimensions 72.00 x 88.00
Property Description
Calling all investors! This property is in an Opportunity Zone and is your chance to add to your portfolio. 4-6 months from completion depending upon your speed. Located in Brewerytown, this project can be developed into an apartment complex or developed as condominiums and sold individually. It is 17 units comprised of three, one-bedroom, one-bath units, 10 two-bedroom, two-bath units, and 4 penthouses with private roof decks and stunning Center City views. There is an option to add one to two 1200-square foot units to the basement with an additional variance. The current basement plan includes the following communal amenities: gym, party room with kitchenette, storage lockers per unit, stroller/bike storage, walk-out to the communal backyard on the first floor. Located on a quiet street, one block from Athletic Pool and Recreation Center and Achieve Academy of Philadelphia. Walking Distance to Fairmount Park, Crime and Punishment Brewing Company, the Art Museum, Divine Lorraine, and the Broad Street Restaurants. Come and see all the potential! With such limited investment opportunities, this is one you don't want to miss!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 884345925
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Other
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