$165,000
$199,000
17.1%For more information regarding the value of a property, please contact us for a free consultation.
5,624 Sqft Lot
SOLD DATE : 06/20/2024
Key Details
Sold Price $165,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2163100
Sold Date 06/20/24
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $342
Tax Year 2023
Lot Size 5,624 Sqft
Acres 0.13
Lot Dimensions 54.00 x 105.00
Property Description
This is a fantastic opportunity for QOZ funds to invest in a high potential development project in a rapidly growing area of North Philly. The ability to build a 6 story building with 20 units, including 4 car parking on the first floor, makes this a highly attractive opportunity for investors. Additionally, the location is just one block away from the Broad Street Line, making it easily accessible for tenants. The demand for 1 bedroom units in this area is high, particularly among medical and dental students, ensuring a strong rental market. With development occurring in the surrounding blocks, this property is poised for success. Investing in this Qualified Opportunity Zone Fund could yield significant returns for investors.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RSA3
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 112001350
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Leighanne Tancredi • United Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "