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In-PersonVirtual Tour
$ 70,000
Est. payment | /mo
855 Sqft Lot
$ 70,000
Est. payment | /mo
855 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2379786
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $179
Tax Year 2024
Lot Size 855 Sqft
Acres 0.02
Lot Dimensions 15.00 x 57.00
Property Description
Prime Development Opportunity at 167 W Cumberland St! This RM1 zoned lot is perfectly positioned for development, allowing for the construction of a 3-story structure with 2 units by right. Currently raw land, this lot provides a blank canvas for your vision with no existing plans, offering endless possibilities for customization. Key features include the potential to build an egressed basement, maximizing space and functionality. Each unit has the potential to rent for $1700 per month, providing a strong rental income stream. With an average ARV of $535k+, this is a lucrative investment opportunity. Adjacent to an empty lot, this property ensures ample space for development. A reputable builder is available to provide a rough estimate on construction costs and is ready to engage in the build, ensuring a smooth and efficient process from start to finish. Don't miss out on this exceptional opportunity to invest in a rapidly developing area and capitalize on the strong rental market. Contact us today to learn more!
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning RM1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 885256960
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Richard K Cassell • KW Empower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "