1602 N 3RD Street

    PHILADELPHIA, PA 19122
    • $219,900
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: 1001549008
    UPDATED: 53 min ago
    $219,900
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    2018
    County:

    School Ratings & Info

    Description

    **CALLING ALL INVESTORS** Shovel ready project with zoning permits and recent lot consolidation in place to build this 3-unit building with off-street Electric Vehicle Parking, rear yard, trash/bicycle area. Property was originally two lots each with its own 2 bay garage structure and was zoned RSA5. Lots have since been consolidated and rezoned to build a single structure with 3 units and separate off-street parking driveway with trash/bike storage area. Full construction documents have been completed by Philadelphia based architectural firm, geotechnical report available and included in listing docs. Full construction documents include engineer approved plumbing, electrical, and structural sets. Skip the year of due diligence going through zoning variances and get started in this bustling area where development is happening on every block. Opportunities for this type of project in this area are limited. Location benefits include proximity to Girard Ave, Crane Arts building, NextFab, The Schmidt's Commons, blocks from the EL, Reanimator Coffee, Federal Distilling, WM Mulherins, St. Benjamin Brewing Co., HELM BYOB and dozens of other Frankford Ave restaurants and shops. Transit-oriented development with quick bus and EL access to center city but plenty of street parking available as well. 1 block off of American street which has recently received a multimillion dollar TIGER grant to make the street more pedestrian friendly as well as address many rainwater initiatives The 3 units are: #1: 2 bed, 2 bath bi-level w/ rear yard access (1075 sqft), #2: 1 bed, 1 bath(764 sqft), #3: 1 bed, 1 bath (764 sqft). Assign parking as you see fit. The projected annual rent is 60,000 per year (buyer is responsible for own due diligence). When completed, this will project will be a money maker with great upside potential. Construction Docs available by request. Building Permit is available at L+I receipt in hand as proof of approval. New owner must resubmit at their own cost with their own builder. Information on Opportunity Zone Tax Benefits are included in documents section. Please request renderings and construction documents from listing agent.

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    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-10-17T18:17:38.103.
    www.tomtoole.com/homes/87647243

    1602 N 3RD Street PHILADELPHIA, PA 19122

    • Price: $219,900
    • Status: Active
    • Updated: 53 min ago
    • ID#: 1001549008
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    2018
    Built
    Neighborhood:
    Northern Liberties
    County:
    Philadelphia
    Area:
    19122 (19122)
    School District:
    The School District Of Philadelphia
    Property Description
    **CALLING ALL INVESTORS** Shovel ready project with zoning permits and recent lot consolidation in place to build this 3-unit building with off-street Electric Vehicle Parking, rear yard, trash/bicycle area. Property was originally two lots each with its own 2 bay garage structure and was zoned RSA5. Lots have since been consolidated and rezoned to build a single structure with 3 units and separate off-street parking driveway with trash/bike storage area. Full construction documents have been completed by Philadelphia based architectural firm, geotechnical report available and included in listing docs. Full construction documents include engineer approved plumbing, electrical, and structural sets. Skip the year of due diligence going through zoning variances and get started in this bustling area where development is happening on every block. Opportunities for this type of project in this area are limited. Location benefits include proximity to Girard Ave, Crane Arts building, NextFab, The Schmidt's Commons, blocks from the EL, Reanimator Coffee, Federal Distilling, WM Mulherins, St. Benjamin Brewing Co., HELM BYOB and dozens of other Frankford Ave restaurants and shops. Transit-oriented development with quick bus and EL access to center city but plenty of street parking available as well. 1 block off of American street which has recently received a multimillion dollar TIGER grant to make the street more pedestrian friendly as well as address many rainwater initiatives The 3 units are: #1: 2 bed, 2 bath bi-level w/ rear yard access (1075 sqft), #2: 1 bed, 1 bath(764 sqft), #3: 1 bed, 1 bath (764 sqft). Assign parking as you see fit. The projected annual rent is 60,000 per year (buyer is responsible for own due diligence). When completed, this will project will be a money maker with great upside potential. Construction Docs available by request. Building Permit is available at L+I receipt in hand as proof of approval. New owner must resubmit at their own cost with their own builder. Information on Opportunity Zone Tax Benefits are included in documents section. Please request renderings and construction documents from listing agent.
    Exterior Features

    Architectural Style Other Construction Materials Aluminum SidingVinyl SidingWood SidingBrickStone Garage Spaces 0.00 Garage YN No Parking Features Private Parking Types Attached Carport Pool No Pool Riparian Rights YN No Sign On Property YN Y Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Basement Full Basement YN Yes Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Gas Heating YN Yes Laundry Type Main FloorUpper FloorLower Floor Levels 3+ Pets Allowed Case By Case Basis Room List Living RoomMaster BedroomKitchen

    Property Features

    Accessibility Features None Association YN No Central Air YN Yes Condo YN No Construction Completed YN No Cross Street W Oxford St Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN Yes Original MLSNumber 121510399611:TREND Ownership Interest Fee Simple Pets Allowed YN Yes Sale Includes Land Only Senior Community YN No Sewer Public Sewer Structure Design Type Row/Townhouse Tax Annual Amount 0.0 Tax Assessment Amount 0.0 Tax Lot 266 Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Keller Williams Philly.
    ©2018 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2018-10-17T18:17:38.103.
     
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