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)
County PHILADELPHIA

SCHOOLS

School District Philadelphia

Additional Details

AREA 19122 (19122)
LOT 1307 sq ft
LOT DESCRIPTION InteriorLot
LOT DIMENSIONS 38X32
POOL DESCRIPTION N
SEWER Public Sewer
SUBDIVISION OLD KENSINGTON
TAXES 2664.0
UTILITIES Public; Public Sewer;
WATER Public
WATERFRONT DESCRIPTION N

Location

 

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Listing with: Keller Williams Philly

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