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INVESTMENT HIGHLIGHTS
- Shovel ready, permits in hand
- Over 4,000/SF
EXECUTIVE SUMMARY
Here is your chance to own a mansion that sits on a double lot (40’ x 106’) on a picturesque block in the Art Museum neighborhood of Philadelphia. The owners have already done extensive, years-long, legwork with the city & historical comm. to turn this into an amazing development opportunity. This property is SHOVEL-READY, with permits in hand (start immediately!), to renovate and BUILD 9 LUXURY 2 BED 2 BATH APARTMENTS OR CONDOS. Luxury boutique condos are selling starting around $650/SF! Luxury 2 Bed, 2 Bath, apartments are leasing beginning around close to $3,000/mo. Not interested in developing it? Turn it into your dream home. The existing building consists of over 4,000/SF, 6 bedrooms & 4 bathrooms. Original woodwork, character and details remain throughout the home and need a little TLC & vision in order to bring them back to life. The side lot can make for unparalleled city-living & outdoor space. A carriage house sits on the back of the side lot and can be brought back to life for many different potential-uses. Located just steps away from the neighborhood’s best amenities, including; A Mano, Sabrina’s Cafe, Honeysuckle, Urban Farmer, Jack’s Firehouse, Whole Foods & much more. Easy access to the best museums, public transportation and major roadways make this location highly desirable. Whether you are an INVESTOR, developer or a creative homeowner, don’t miss this rare opportunity! PLANS & PERMITS ARE READILY AVAILABLE UPON REQUEST.
PROPERTY FACTS
| Price | $1,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $141,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 9 | Building Size | 14,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | RM1 - RM-1 is a residential multi-family district primarily intended to accommodate moderate- to high- density, multi-unit residential buildings | ||
| Price | $1,275,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 14,000 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | RM1 - RM-1 is a residential multi-family district primarily intended to accommodate moderate- to high- density, multi-unit residential buildings |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Tub/Shower
- Yard
- Basement
- Dining Room
- Lawn
- Large Bedrooms
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 9 | - | 700 |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (83)
Bike Score®
Biker's Paradise (92)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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