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4050 Ludlow St
Philadelphia, PA 19104
Development Site · Multifamily Property For Sale
·
94 Units
Investment Highlights
- Buyer will receive a 10-year tax abatement on this shovel-ready redevelopment site with approved plans for a 7-story mid-rise apartment building.
- Opportunity to receive incredible price per square footage returns from highly in-demand one-bedroom and studio apartment unit layouts.
- Approved plans feature a 94-unit apartment complex with a common rooftop patio, fitness center, and an 18-space below-grade private parking garage.
- Located in the University City submarket with easy access to Penn Hospital, Penn University, Drexel University, and the Market-Frankford SEPTA Line.
Property Facts
| No. Units | 94 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Construction Status | Abandoned |
| Property Subtype | Apartment | Building Size | 57,214 SF |
| Apartment Style | Mid-Rise | No. Stories | 7 |
| Building Class | B | Parking Ratio | 0.31/1,000 SF |
| Zoning | CMX4 - Second highest available zoning classification in Philadelphia. | ||
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Construction Status | Abandoned |
| Building Size | 57,214 SF |
| No. Stories | 7 |
| Parking Ratio | 0.31/1,000 SF |
| Zoning | CMX4 - Second highest available zoning classification in Philadelphia. |
Amenities
Site Amenities
- 24 Hour Access
- Fitness Center
- Bicycle Storage
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 42 | $1,535 | - |
| 1+1 | 52 | $1,700 | - |
Property Taxes
| Parcel Number | 773013000 | Improvements Assessment | $3,052,175 |
| Land Assessment | $847,825 | Total Assessment | $3,900,000 |
Property Taxes
Parcel Number
773013000
Land Assessment
$847,825
Improvements Assessment
$3,052,175
Total Assessment
$3,900,000
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