**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 $717k Both properties serve as solid examples of successful duplex developments nearby. Don't miss out on this rare opportunity to invest in a prime location!
PAPH2387170
Land Lot - Land
PHILADELPHIA
0.02
Acres
Public Water Service
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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