Seeking your next development deal? Look no further for you have landed in a booming section of North Philly where value and development are quickly rising! New construction triplexes around the corner have sold for nearly 700k!! 3312 N Sydenham owner is participating in a package deal and also listed. There are multiple strategies to go vertical with this lot: purchase, wait and resale in a year or two OR rezone from RSA5 Lot: 1787 total sf. If converted to RM1 that sf would allow for a 3 story 4 unit. Each apartment could be 80 sf - earning $57,000 per year for the building. Well over 400+ units are approved and could start construction this Spring. 3030 N BROAD ST has broken ground for 30 residential units and soon to follow 1336-24 W ALLEGHENY AVE will break ground for 70 units! This land is ideal for any investor. Inquire about other off market development deals in the area.
Property Type :
Land
Subdivision :
Allegheny West
County :
PHILADELPHIA
Style :
Land
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ByOwner last updated this listing 04/30/2024 @ 15:35
MLS: PAPH2343004
LISTED BY: Richard K Cassell , KW Empower
SOURCE: BRIGHT MLS
Buyer Agency Compensation: $1,500
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
