Seeking your next development deal? Look no further for you have landed in a booming section of North Philly where value and development are quickly rising! Recent notable sales for new construction have been 3102 & 04 N Broad side by side triplexes for nearly 700k!! Well over 200+ units are set for construction this Spring. 3030 N BROAD ST has broken ground for 30 residential units and soon to follow 1336-24 W ALLEGHENY AVE will break ground for 70 units! Most impressively right in your backyard will have 10 triplex new construction buildings breaking ground this year!!! Literally the block between Smedley and 16th St. on the Venango will have almost a $7 million valued project being built this year! There are multiple strategies to go vertical with this lot: purchase, wait and resale in a year or two OR rezone from RSA5 Lot: 16.50x69.9'. If converted to RM1 that sf would allow for a 3 story triplex. Each apartment could be 700 sf good size for a three 2 beds (ground level having full basement) earning $4650 per month for the building. This land is ideal for any investor. Inquire about other off market development deals in the area.
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Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th June, 2022 1:55 PM (UTC)
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