$1,225,000
$1,300,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
10,094 SqFt
SOLD DATE : 07/25/2016
Key Details
Sold Price $1,225,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 10,094 sqft
Price per Sqft $121
Subdivision Point Breeze
MLS Listing ID 1002527596
Sold Date 07/25/16
Style Other
HOA Y/N N
Abv Grd Liv Area 10,094
Originating Board TREND
Year Built 1916
Annual Tax Amount $2,282
Tax Year 2016
Lot Size 2,566 Sqft
Acres 0.06
Lot Dimensions 42X298
Property Description
Attention all Contractors and Developers,1316-1318 S. Broad Street is an unbelievable development opportunity in the highest appreciating neighborhood in the city, Point Breeze. These properties are in shell condition and need total rehab. 1316 boasts 5282 square feet and has a lot size of 21.41 feet by 119.87 feet. It was most presently zoned as 7 units, however the licenses were not recently renewed. 1318 has 4812 square feet with a lot size of 21.41 feet by 178 feet. It runs street to street, backing up to Carlisle Street, which could possibly allow the construction of another building in the rear. It was also most recently zoned for 7 units, but again the licenses have not been recently renewed. From the roofs, which are accessible, there are 360 degree views, and a clear shot of the Center City sky line. The sellers are firm with their price, and this project is not for the faint at heart. There are current fire alarm systems and fire escapes. Only 5 of the units can be shown at 1318, and the listing agent must attend all appointments.Do not let this project pass you by, the cash flow could be astounding, or the resale of condominiums, very profitable.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Rooms
Other Rooms Primary Bedroom
Basement Full
Interior
Hot Water Instant Hot Water
Heating None
Cooling None
Fireplace N
Laundry None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881133038
Ownership Fee Simple
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Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut