$62,000
$68,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
847 Sqft Lot
SOLD DATE : 02/13/2019
Key Details
Sold Price $62,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH102296
Sold Date 02/13/19
HOA Y/N N
Originating Board TREND
Annual Tax Amount $272
Tax Year 2018
Lot Size 847 Sqft
Acres 0.02
Lot Dimensions 15X57, LotWidth:15
Property Description
Investor/developer alert! Great opportunity for an investor/developer looking to build in fast-growing location, surrounded by new development and emerging areas. This property is fully-approved (shovel-ready) multifamily land close to TempleU. Plans designed for two 2bd/2.5ba units with open concepts, rear yard, skyline roofdeck. Rent rooms by the bed to students for 700/bed. Inquire within for permits and plans. Recent bank appraisal for condos = 280-300k each; inquire within for a copy. Shovel-ready Opportunity Zone multifamily development deal! Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones over the coming years. Also available as package is 2117 N 9th (listed).
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Exterior
Waterfront N
Water Access N
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 202160000
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Carlos Cesar • RE/MAX 2000
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "