Michael Barrett - Coldwell Banker Hearthside
4059-61 Powelton Ave
PHILADELPHIA, PA 19104

$1,225,000

Description

INVESTOR/DEVELOPER ALERT!!! 2 parcels. Turn Key operation with a lot to build in the back in very hot area. Cash Flow, Location, and development opportunity, all in one package. *CashFlow: Fully rented. below market rent. Potential to increase rent significantly. **Location: Right across from 2.0 University place (US immigration building). The 3.0 University place schedule to build soon across the street. New buildings being built all around the area. ***Development: Zoning approved for 3 story building(separate from the main building) to build four(4) 2 bed 2 bath units. This property is great for developer wanting to increase the valve substantially by building additional units. Or for investor who wants to collect income while area continuously develop with option to build later.The listing agent has ownership stake.

Details

MLS#1001738632
Sub-TypeResale
StatusActive
Year2011
Days On Site78

Features

Market Activity 19104

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19104
Area19104 (19104)
Listing VS Median (in 19104)
Price:
$1,225,000
low | high
Med:
$30,000
100% of Average
On Site:
78
low | high
Med:
7
100% of Average
Listing Updated: 08/16/2018
MLS Number: 1001738632
Listing Provided By:
Jae S Yun  of  Long Foster - Herling

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