Anthony Michael - Coldwell Banker Hearthside
1602 N 3rd St
PHILADELPHIA, PA 19122

Description

**CALLING ALL INVESTORS** Shovel ready project with construction documents AND zoning permits and recent lot consolidation in place to build this 3-unit building with off-street Electric Vehicle Parking, rear yard, trash/bicycle area. Property was originally two lots each with its own 2 bay garage structure and was zoned RSA5. Lots have since been consolidated and rezoned to build a single structure with 3 units and separate off-street parking driveway with trash/bike storage area. Full construction documents have been completed by Philadelphia based architectural firm, geotechnical report available and included in listing docs. Full construction documents include engineer approved plumbing, electrical, and structural sets. Skip the year of due diligence going through zoning variances and get started in this bustling area where development is happening on every block. Opportunities for this type of project in this area are limited. Location benefits include proximity to Girard Ave, Crane Arts building, NextFab, The Schmidt's Commons, blocks from the EL, Reanimator Coffee, Federal Distilling, WM Mulherins, St. Benjamin Brewing Co., HELM BYOB and dozens of other Frankford Ave restaurants and shops. Transit-oriented development with quick bus and EL access to center city but plenty of street parking available as well. 1 block off of American street which has recently received a multimillion dollar TIGER grant to make the street more pedestrian friendly as well as address many rainwater initiatives The 3 units are: #1: 2 bed, 2 bath bi-level w/ rear yard access (1075 sqft), #2: 1 bed, 1 bath(764 sqft), #3: 1 bed, 1 bath (764 sqft). Assign parking as you see fit. The projected annual rent is 60,000 per year (buyer is responsible for own due diligence). When completed, this will project will be a money maker with great upside potential. Construction Docs available by request. Building Permit is available at L+I receipt in hand as proof of approval. New owner must resubmit at their own cost with their own builder. Information on Opportunity Zone Tax Benefits are included in documents section. Please request renderings and construction documents from listing agent.

Details

MLS#1001549030
Sub-TypeResale
StatusActive
Year2018
Days On Site122

Features

Market Activity 19122

Loading Form

Loading Form

Area Information

StatePA
CityPHILADELPHIA
Zip Code19122
Area19122 (19122)
Listing VS Median (in 19122)
Price:
$229,900
low | high
Med:
$189,000
67.790343627664% of Average
On Site:
122
low | high
Med:
122
100% of Average
Listing Updated: 09/21/2018
MLS Number: 1001549030
Listing Provided By:
Jesse Frank  of  Keller Williams Philly

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

Information Deemed Reliable But Not Guaranteed

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Copyright BRIGHT, All Rights Reserved