3410 N 17th St
PHILADELPHIA, PA 19140

Description

Opportunity Zone development! This 16' wide x 1114' deep development parcel can accommodate up to 4 units (quadplex) with approvals from the local community/city. Real estate investments made by individuals through special funds in these new zones can defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. Short walk to Temple Hospital, a world-class employer. Tenants are waitlisted in nearby apartment buildings because there is such high demand for new high-quality housing in this area, with medical professionals and graduate students eager to lease market-rate apartments. Over 5500 employees looking for housing at your doorstep! Short walk to SEPTA Broad St subway with direct rail connection into Center City Philadelphia (transit-oriented development aka TOD). Rents for 2bd units in this submarket range from 1300-1500/unit. International real estate investors have billions of dollars in capital in active stage development around the North Philadelphia Amtrak Station revitalization. There are a handful of historical adaptive reuse (residential and mixed-use) projects underway in the immediate vicinity. This area is poised to blow! Also available as a package deal: a 16-unit site on a nearby street with parking, bike storage + more. Inquire within for full details, conceptual plans + more.

Details

MLS#PAPH725470
Sub-TypeResale
StatusActive
Days On Site43

Features

ZoningRSA5
Acreage0.04

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19140
Area19140 (19140)
Listing VS Median (in 19140)
Price:
$75,000
low | high
Med:
$70,000
56.666666666667% of Average
On Site:
43
low | high
Med:
7
100% of Average
Listing Updated: 04/24/2019
MLS Number: PAPH725470
Listing Provided By:
Ryan J McManus  of  Compass Pennsylvania LLC