MLS® ID: 1001549030

1602 N 3RD ST

Philadelphia, Pennsylvania, 19122

$234,999 Active
  • - SQFT
**CALLING ALL INVESTORS** Shovel ready project with zoning permits and recent lot consolidation in place to build this 3-unit building with off-street Electric Vehicle Parking, rear yard, trash/bicycle area. Property was originally two lots each with its own 2 bay garage structure and was zoned RSA5. Lots have since been consolidated and rezoned to build a single structure with 3 units and separate off-street parking driveway with trash/bike storage area. Full construction documents have been completed by Philadelphia based architectural firm, geotechnical report available and included in listing docs. Full construction documents include engineer approved plumbing, electrical, and structural sets. Skip the year of due diligence going through zoning variances and get started in this bustling area where development is happening on every block. Opportunities for this type of project in this area are limited. Location benefits include proximity to Girard Ave, Crane Arts building, NextFab, The Schmidt's Commons, blocks from the EL, Reanimator Coffee, Federal Distilling, WM Mulherins, St. Benjamin Brewing Co., HELM BYOB and dozens of other Frankford Ave restaurants and shops. Transit-oriented development with quick bus and EL access to center city but plenty of street parking available as well. 1 block off of American street which has recently received a multimillion dollar TIGER grant to make the street more pedestrian friendly as well as address many rainwater initiatives The 3 units are: #1: 2 bed, 2 bath bi-level w/ rear yard access (1075 sqft), #2: 1 bed, 1 bath(764 sqft), #3: 1 bed, 1 bath (764 sqft). Assign parking as you see fit. The projected annual rent is 60,000 per year (buyer is responsible for own due diligence). When completed, this will project will be a money maker with great upside potential. Construction Docs available by request. Building Permit is available at L+I receipt in hand as proof of approval. New owner must resubmit at their own cost with
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Listing courtesy of Keller Williams Philly

Amenities

  • Zip
    19122
  • Office name
    Keller Williams Philly
  • Subdivision
    Northern Liberties
  • Property type
    Multi-Family
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2018
  • Lot size
    0.03
  • Tax year
    2018
  • Office ID
    55962
  • Agent ID
    60064385
  • Agent name
    Jesse Frank
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $200k-$300k
  • Acreage Range
    < .5 acres
  • Year Built Range
    After 2010

Location

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