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912-14 E LOCUST AVE Philadelphia, PA 19138
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Key Details
Sold Price $580,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Germantown
MLS Listing ID PAPH2128356
Sold Date 05/05/23
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $3,738
Tax Year 2023
Lot Size 0.486 Acres
Acres 0.49
Lot Dimensions 106.00 x 200.00
Property Description
Shovel-ready multifamily development in the booming Germantown submarket of Philadelphia, Pennsylvania. Buy and build. Permits and plans on hand. Dynamic location: walkable to Fresh Grocer, LaSalle University, Septa station (Chelten and Germantown), Ultimo Coffee, Wissahickon Valley Park + more. Easy access into Downtown Philly and University City, as well as the western and northern suburbs of Greater Philadelphia. Boutique 43-unit elevator building with basement laundry + storage and ground floor retail (2X). The 3-storey building provides economical construction costs. 10 year tax abatement provides low carrying costs and future sales upside. This NW Philadelphia area is poised for rent growth and asset appreciation. Investment activity is soaring to new heights in Germantown.
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning CMX2
Exterior
Water Access N
View City
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 881421630
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Ryan J McManus • Compass RE