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$125,000
Est. payment /mo
1,638 Sqft Lot
UPDATED:
08/25/2024 01:26 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Point Breeze
MLS Listing ID PAPH2345410
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,377
Tax Year 2024
Lot Size 1,638 Sqft
Acres 0.04
Lot Dimensions 15.00 x 65.00
Property Description
This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Furthermore, the use case on the block creates a legitimate opportunity argument to receive community and ZBA support! Projected Gross Rent: $90,360 annually, Potential Approval For 4-unit property, 3 & 2 Bedroom Counts On 4 Floors + Egress Basement, Potential 2 Car Rear Parking and The Block Is Poised For Development. This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Exterior
Fence Chain Link
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 364108605
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Listed by Richard K Cassell • KW Empower
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327