In the midst of Philadelphia's thriving real estate market, a rare opportunity awaits for savvy investors and developers: a multifamily vacant lot large enough for a 3 unit apartment. This parcel of land presents a blank canvas for creating a lucrative multifamily property. With its proximity to public transportation, local amenities, and thriving commercial corridors, this lot is poised to yield a significant return on investment. Imagine a modern apartment complex, complete with sleek amenities and Energy Star-rated appliances, rising from the ground to cater to the city's growing demand for quality housing. By capitalizing on this vacant lot, entrepreneurs can unlock the potential for a lucrative rental income stream, while also contributing to the revitalization of Philadelphia's urban landscape. RM1 zoned. Selling as-is and cash only.
MLS # | PAPH2352148 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active-bright |
Days On Site | 413 |
Listing Provided By | Meta Realty, LLC | Levent S Ulusal |
Zoning | RM1 |
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Acreage | 0.03 |
Water Front | Yes |
Garage Yes / No | No |
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State | PA |
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County | PHILADELPHIA PA |
City | PHILADELPHIA |
Zip Code | 19142 |
Area | 19142 (19142) |
Community Name | PHILADELPHIA (SOUTHWEST) |
School District | THE SCHOOL DISTRICT OF PHILADELP |
Listing VS Median (in PHILADELPHIA (SOUTHWEST)) | |
Price: $45,000 low | high Med: $120,000 On site: 413 low | high Med: 18.000000 |