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- LoopNet Team
1937 N Marshall St
Philadelphia, PA 19122
Marshall Flats · Land For Sale
·
0.06 AC
INVESTMENT HIGHLIGHTS
- Shovel ready with plans and permits
- Private Balcony With Each Unit
- Building Size: +/-10,100 SF
- 9 Apartments: 4 One-bedroom 5 Two-bedroom
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 0.06 AC |
| Zoning | RM1 - Residential Multifamily approved for 9 apartment units | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.06 AC |
| Zoning | RM1 - Residential Multifamily approved for 9 apartment units |
DESCRIPTION
The following underwriting contains assumptions for a new development in Olde Kensington for a total of nine (9) units. Consisting of three lots that are consolidated, and fully entitled, shovel-ready with Building Permit in hand. All you have to do is hire your contractor and begin construction. Asking price is $510,000 for the entitled land, fully engineered & approved architectural and structural construction plans, and Building Permit with full 10 year tax abatement already secured. Approved buildable area is +/-10,100 SF with all 1 bd/1bth & 2bd/2bth unit mix. All units are designed to have private balconies. The new building lot is in the highly coveted Olde Kensington neighborhood proximate to Temple University, N. American Street corridor, SEPTA el train to Center City, and has a grocery store within a one block walk. The property is walking distance to recreational community centers, parks, places of worship, restaurants and retail. The property is located in a Qualified Opportunity Zone with a FULL 10 YEAR PROPERTY TAX ABATEMENT SECURED. * All values represented here are assumptions and buyer must consult their respective tax or law professional.
