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).

  • MLS# PAPH102296
  • Sub-Type Resale
  • Status Active
  • Days On Site 37
Zoning RM1
Acreage 0.02
Listing Provided By:
Ryan J McManus  of  BHHS Fox Roach-Center City Walnut
 
 
this listing $85,000
43.52%
$150,500 in 19122
this listing 37 on site
61.46%
96 on site in 19122

Location

State PA
City PHILADELPHIA
Zip Code 19122
Area 19122 (19122)

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