$800,000 Price Analysis    ♡   Philadelphia, PA 19131 0 bed 6 bath 7,052 SqFt ($113/SqFt) 1,445SqFt lot. Built 1925 Listed 2024-07-18 | Ⓧ USDA Ineligible due to price & location near Philadelphia |
4916-4920 Lancaster Ave Philadelphia
Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residential use condominiums, 7, 502 square feet CMX-2 Lifestyle: space to work, live and entertain. OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM. Perfectly situated 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth. Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant or even a 1, 200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location! Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2, 500 per storefront and $2, 500 per apartment, making this a lucrative opportunity for long-term returns. Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income Unit 4916: Charming 2-story residential unit with two 950 sq.
ft. loft apartments. Each apartment boasts charming 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a open backyard on the first floor and a relaxing deck on the second floor. Unit 4918: Dynamic 2-story commercial space offers two 1, 400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessibl bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces or an event venue. Unit 4920: 2-story house with 1, 908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment. All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with unlimited possibilities for savvy investors or business owners. Sold in as is condition Seize this chance to create a thriving mixed-use development with residential and commercial spaces. These properties have not been completely renovated and are being sold in their AS IS condition. Seller will not be making any repairs. Photos are Virtually staged
Presented by HADULIAS, ROSALIE at
Keller Williams Realty Atlantic Sho.
Property MLS #PAPH2377672 from BrightMLS
Full Bathrooms: 4
1/2 Bathrooms: 2
Lot Size Square Feet: 1444
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsAnnual Tax Amount: 1902.0
Source Listing Status: Active
County: PHILADELPHIA
Disclaimer: Standard
Ownership: Fee Simple
Source Property Type: Residential
Area: PHILADELPHIA
Postal Code Plus 4: 4519
Source System Name: C2C
$800,000
BrightMLS
Above Grade Finished Area: 7052
Construction Materials: Masonry
Property Age: 99
Levels or Stories: 2
Total Area Sqft: 7052
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.