1602-04 N 3RD ST, PHILADELPHIA, PA 19122 (MLS # 7116524)

Price $275,000
Status Active
Beds 0
Baths 0 bath
Home size n/a
Lot Size 1,306 sqft
Investor Alert! Shovel ready project with 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 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. This is a 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 but buyer is responsible for own due diligence. When completed, this will project will be a money maker with great upside potential. List Agent has ownership interest in holding entity. 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.
Property Type(s): Lot/Land/Acreage
Last Updated 1/23/2018 Tract OLD KENSINGTON
Year Built 2018 Community 19122 (19122)


School District Philadelphia

Additional Details

AREA 19122 (19122)
LOT 1307 sq ft
SEWER Public Sewer
TAXES 2664.0
UTILITIES Public; Public Sewer;
WATER Public



Contact us about this Property

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Stephen Ferguson to contact you even if your name is on a Federal or State "Do not call List".

Listing with: Keller Williams Philly

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

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 sold 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.

Real estate listings held by brokerage firms other than are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

Information Deemed Reliable But Not Guaranteed

Data from the Zillow, Google Map, and Walk Score modules, is not provided by TREND, and should be considered informative, but not accurate.

© 2018 TREND, All Rights Reserved

Data last updated: 2/23/18 12:44 AM PST.


This IDX solution is (c) Diverse Solutions 2018.

Email a Friend