$240,000
$200,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
1,685 Sqft Lot
SOLD DATE : 06/06/2022
Key Details
Sold Price $240,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH2050678
Sold Date 06/06/22
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $754
Tax Year 2021
Lot Size 1,685 Sqft
Acres 0.04
Lot Dimensions 25.00 x 67.39
Property Description
Ready for an investor- 2 Qualified Opportunity Zone (QOZ) multifamily development site FOR SALE in University City. 318-20 N Budd St plus 317 N 41st St. Can be bought as a package or separately! 318-20 N Budd St. is an existing 2 stories, double wide garage, boasting a 50 foot by 112 foot lot size with massive overhead doors, open space and huge ceiling height. Zoning and plans have been completed for 8 units plus parking! 317 N 41st is a shovel ready land that is approved for 3 residential units. These properties offer extremely close proximity to Penn and Drexel, and creates the opportunity to develop a valuable multi-unit building for student housing and generous rental revenue! Tremendous amount of new development taking place in the area including 3.0 University Place, Schuylkill Yards and the Science Center. In its current condition, the property does need work throughout, so please exhibit caution when showing the property and bring a flashlight.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 061211610
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Michael R. McCann • KW Philly