Thank you
Richard K Cassell
KW Empower
215-627-3500
Rare Development Opportunity - Entitled 6 Units On a High Preforming Corridor. Location Details CMX-2 Zoned for commercial, 5 residential units above • 1 & 2 bed units & roof deck. Eligible for a 10 year tax abatement upon completion of construction . Additional property (set up as a duplex) at 2505 Amber St is interested to sell as a package deal, therefore you can consolidate, increase the foot print of the building and add unit density. Central to large and midsize development .Located in a Qualified Opportunity Zone Strategy 1 - Bring the building to lease ready condition for a projected $4100 gross monthly income to cover the estimated $4000 monthly debt service. Pursue approvals on plans and pull permitting. factoring in expediting and response time from examiners you'll begin work in the spring time, which will aline with the ideal rental cycle for stabilizing the building. Strategy 2 - For an offer price of $780,000 Seller will finalize and coordinate with the architect to submit plans for approval. Seller will deliver approved plans at the time of closing. Buyer will be responsible for adding their contractor to eclipse and pulling/ paying for permits. Build immediately and sync with the rental cycle to stabilize the building.
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Water Source : Public
Roof : Flat
Flat
Cooling: Central A/C
Heating: Central
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1921
Structure: Interior Row/Townhouse
New Construction: No
Total Units: 4
Built: 1921
Construction Material: Brick
Roof: Flat
Foundation/Basement: Stone
Architecture: Traditional
Pool/Private: No Pool
Roof Type: Flat
Pool: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 1,584
Dimensions: 18ft wide
Lot Size (Acres): 0.04
Architectural Style: Traditional
Stories Total: 2
Main Square Feet: 1,584
SQ ft: 2,555
SQ ft (Living Area): 2,555
Total Lot SQ ft: 1,584
View: City
Appx. Lot Dimensions: 18ft wide
Total Acreage: 0.04
New Construction: No
Type: Traditional
Possession: Immediate
Days Of Market: 77
Annual Tax: $612
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Immediate
Taxes Assessment Amount: $279,500
Total Parking Spaces: 0
Parking Type: None
Has Garage: N
Roof: Flat
Direction: On Frankford
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: On Frankford
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1810 Frankford Avenue , Philadelphia, PA,19125 | $709,000 | -- | -- | 2,520 | 1260 Sqft |
2501 Potter Street , Philadelphia, PA,19125 | $65,900 | -- | -- | 678 | 678 Sqft |
135 E Cumberland Street , Philadelphia, PA,19125 | $65,900 | -- | -- | 667 | 667 Sqft |
2129 E Susquehanna Aven.., Philadelphia, PA,19125 | $205,000 | -- | -- | 975 | 975 Sqft |
2647 Emerald Street , Philadelphia, PA,19125 | $79,900 | -- | -- | 693 | 693 Sqft |
1740 S Orianna Street , Philadelphia, PA,19125 | $160,000 | -- | -- | 647 | 647 Sqft |
1456 E Columbia Avenue , Philadelphia, PA,19125 | $599,000 | 3 | 2.5 | 1,940 | 675 Sqft |
1833 E Sergeant Street , Philadelphia, PA,19125 | $105,000 | -- | -- | 1,211 | 1211 Sqft |
2641 Martha Street , Philadelphia, PA,19125 | $150,000 | -- | -- | 1,372 | 1372 Sqft |
2325 E Susquehanna Aven.., Philadelphia, PA,19125 | $381,200 | 3 | 1.0 | 1,135 | 1012 Sqft |
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ByOwner last updated this listing 05/13/2024 @ 07:04
MLS: PAPH2302076
LISTED BY: Richard K Cassell , KW Empower
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
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.