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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH895444
Sold Date 09/01/20
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,184
Tax Year 2020
Lot Size 2,801 Sqft
Acres 0.06
Lot Dimensions 19.00 x 147.42
Descripción de la propiedad
Introducing 4019 Haverford AVE, an approved multifamily development opportunity now available in the University City Qualified Opportunity Zone (QOZ) of Philadelphia, Pennsylvania. The 9500 SF future property was expertly designed by a leading architectural firm to maximize spatial efficiency for each of the 7 apartments feeding the Drexel University student base. Bedroom count (20) purposely designed to cater to a market fueled by student and millennial demographics. There are six (6) 3bd apartments and one (1) 2bd apartment contained in the two (2) buildings with rooftop terraces featuring sweeping city views. Low construction costs with stick frame 3/4 storey construction. Defer capital gains through QOZ investment. Secure the coveted full 10 year tax abatement before it disappears, as this program was recently diminished. Strong rental demand, asset appreciation and growth forecast for years to come in UCITY. Walkable to world class Drexel University, Amtrak 30th Street Station, University of Pennsylvania + more. This submarket is exploding with new development fueled by the healthcare, business and education sectors (eds and meds) as a second city rises west of the Schuylkill River due in part to projects like Schuylkill Yards, Science Center, Cira Centre South, the Platinum Corridor + more. Tens of millions of new SF being developed nearby including biomed, office, multifamily, lab, medical, educational, research and retail. Offering memorandum, pro forma financials, floorplans, permits available upon request. Buy and build. MAKE YOUR MOVE!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Exterior
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 061049000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Ryan J McManus • Compass RE