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Key Details
Sold Price $100,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2342876
Sold Date 10/15/24
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $839
Tax Year 2024
Lot Size 1,728 Sqft
Acres 0.04
Lot Dimensions 20.00 x 86.00
Property Description
4 Unit Approved Shovel Ready Lot near Temple
Welcome to an exceptional opportunity to invest in a shovel-ready vacant lot perfectly positioned adjacent to Temple University, offering the potential to construct a lucrative 4-unit quadplex. Located in a vibrant and rapidly developing area, this lot presents an ideal canvas for investors seeking to capitalize on the burgeoning student housing market or cater to discerning tenants looking for modern, convenient living spaces.
Property Highlights:
Ideal Location: Situated adjacent to Temple University, this vacant lot benefits from its proximity to the bustling campus atmosphere, providing convenient access to educational facilities, transportation options, and a myriad of amenities catering to students and residents alike.
Development Potential: With approval in place to build a 4-unit quadplex, this shovel-ready lot offers a turnkey opportunity for investors to embark on a lucrative development project. The dimensions of the lot, measuring 20 feet wide by 87 feet deep, provide ample space for the construction of modern and spacious living units.
Surrounding New Construction: The area surrounding this vacant lot is experiencing a surge in new construction, indicative of the neighborhood's growth and potential. Investors can take advantage of the momentum in the market and contribute to the ongoing transformation of the community.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RSA5
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 321281600
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jacob Katro • Skale Real Estate