$1,450,000
$1,450,000
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1508-16 CAMBRIDGE ST Philadelphia, PA 19130
4,232 Sqft Lot
Key Details
Sold Price $1,450,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Francisville
MLS Listing ID 1000431775
Sold Date 09/20/17
HOA Fees $1/mo
HOA Y/N N
Originating Board TREND
Annual Tax Amount $6,067
Tax Year 2017
Lot Size 4,232 Sqft
Acres 0.1
Lot Dimensions 102 X 84, LotWidth:8568
Property Description
Fully Approved multifamily six lot subdivision located in one of the most rapidly growing areas in the city, (Francisville) This Planned Unit Development is shovel ready after demo to build 12 condominium units,The project comes with zoning & Building permits along with approved building plans,Six contiguous Duplex buildings. Units are 3 bedroom 3 baths the A unit is 1900 SF with rear nice size Yard, The B unit is 1800 SF with amazing unobstructed skyline views from roof deck ,See attached complete marketing package. Units this size are selling in the upper 400's, This is a great project to build and sell off units or long term rentals. PUD docs have been submitted to OPA. new addresses to be 1508,10,12,16,16A 10 year Tax Abatement's Approved. Owners have gotten verbal demo bids ranging from 50,000 to 60,000. Any questions call listing broker at 215 834 5759.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884350400
Ownership Fee Simple
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Bought with Thomas J Love • Keller Williams Real Estate Tri-County