1800-4 W TIOGA STREETPhiladelphia, PA, 19140
$ 399,000Bedrooms Baths0.0
for $399,000. The lot size is 54 x 129.00.
Priced out of expensive and competitive East Coast real estate markets like New York, DC and Boston? Invest/own/rent in Philadelphia, Pennsylvania for a fraction of the cost and experience above national average rent growth and asset appreciation while discovering world class culture, cuisine, convenience and connectivity. Qualified Opportunity Zone (QOZ) development assemblage in Philadelphia, Pennsylvania approved for 9 units in 3 contiguous multifamily buildings. Huge corner parcel of 3 combined lots totaling 54 feet wide by 129 feet deep. Rare opportunity to build market rate multifamily in a rapidly appreciating submarket. Connected to world class medical campus known as TempleUniversity Hospital which employs over 5500 highly skilled and paid academic and medical professionals. The limited stock of existing new buildings has created waitlisted tenants due to lack of new high quality housing and pent up demand in this emerging submarket. Build a spectacular transit oriented development that will benefit from incredible rent growth and appreciation. 84 units are planned just one block away on the same street and HFZ Capital and other development companies have close to 2 million square feet planned for this immediate area including but not limited to offices, labs, apartments and retail. Multifamily investment sales comps have been set in this neighborhood for newly built triplexes from the high 500~s.New 2bd apartments will rent for at least 1400 per month. Walk to Starbucks! Equidistant to 2Septa Broad Street subway lines with direct connection into downtown Philly in under 20minutes. Each triplex lot comes approved with zoning permit. Buyer responsible for building permits and tax abatement application.
Sewer Public Sewer Shared Septic
Water Source Public Water
Parking 1-20 Assigned Parking Spaces
Public Transportation Location Close to Bus Near Subway
List By Compass Pennsylvania, Llc
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save Nearby
Lots and land listings in Philadelphia, PA
Average List Price $707,666
Percent of Sale Price 77%
About Philadelphia, PA
$ 38,982 Median Income
34.87 Median Age
25% Households with Children
THE SCHOOL DISTRICT OF PHILADELPHIA School District
|1/2/2020||$399,000|| -6.12%|| Price Down|
|11/13/2019||$425,000|| ||Listed Price|