Description
**Prime Development Opportunity in a Top Philadelphia Location!**This is an incredible chance to acquire a shovel-ready duplex lot in one of Philadelphia's most sought-after zip codes. The seller is very cooperative and ready to make a deal!The lot is approved for two spacious 3-bedroom, 3-bathroom units, with one unit featuring a stunning open roof deck. Each bedroom has its own bathroom, making these units particularly desirable compared to others being built in the area. 3-bedroom units are rated for Section 8 at $2,136 per month, offering excellent rental income potential.Situated in a Philadelphia Opportunity Zone, this property also comes with a 10-year tax abatement, enhancing its investment appeal.Due to recent zoning changes, this is one of the last remaining multi-development opportunities in the area, as most properties have been rezoned to single-family.Recent comparable sales include:- 4506 Merion Ave, 19104: Sold for $557k- 614 N Union, 19104: Sold for $717kBoth properties serve as solid examples of successful duplex developments nearby. Dont miss out on this rare opportunity to invest in a prime location!
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Description
**Prime Development Opportunity in a Top Philadelphia Location!**This is an incredible chance to acquire a shovel-ready duplex lot in one of Philadelphia's most sought-after zip codes. The seller is very cooperative and ready to make a deal!The lot is approved for two spacious 3-bedroom, 3-bathroom units, with one unit featuring a stunning open roof deck. Each bedroom has its own bathroom, making these units particularly desirable compared to others being built in the area. 3-bedroom units are rated for Section 8 at $2,136 per month, offering excellent rental income potential.Situated in a Philadelphia Opportunity Zone, this property also comes with a 10-year tax abatement, enhancing its investment appeal.Due to recent zoning changes, this is one of the last remaining multi-development opportunities in the area, as most properties have been rezoned to single-family.Recent comparable sales include:- 4506 Merion Ave, 19104: Sold for $557k- 614 N Union, 19104: Sold for $717kBoth properties serve as solid examples of successful duplex developments nearby. Dont miss out on this rare opportunity to invest in a prime location!
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