$800,000
- Beds
- Unknown
- Baths
- 5.0
- sq ft
- 7,052
4916 Lancaster Ave Unit 4916-4920, Philadelphia, PA 19131
4916 Lancaster Ave Unit 4916-4920
PHILADELPHIA, PA 19131
- 158 days on market
4916-4920 Lancaster Ave Philadelphia, Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residential use condominiums, 7,502 square feet CMX-2 Lifestyle: space to work, live and entertain.
OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM.
Perfectly situated just 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station, and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth.
Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant, or even a 1,200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location!
Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2,500 per storefront and $2,500 per apartment, making this a lucrative opportunity for long-term returns.
Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income
Unit 4916: Charming 2-story residential unit with two 950 sq. ft. loft apartments. Each apartment boasts beautiful 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a spacious backyard on the first floor and a relaxing deck on the second floor.
Unit 4918: Dynamic 2-story commercial space offers two 1,400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessible bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces, or an event venue.
Unit 4920: 2-story house with 1,908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment.
All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with endless possibilities for savvy investors or business owners." Sold in as is condition" Seize this chance to create a thriving mixed-use development with residential and commercial spaces.
These properties have not been completely renovated and are being sold in their "AS IS" condition. Seller will not be making any repairs. *Photos are Virtually staged*
Details
Property type
Lot size
1,445 sq ft
Price per sq ft
$114
Year built
1925
Annual property taxes
$1,902
HOA
No
Price History
07/18/2024
Bright #PAPH2377672
Listed
$800,000
Schools & Community
Neighborhood:
Carroll Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
THE SCHOOL DISTRICT OF PHILADELPHIA
Status: Active
Tomo last checked: 12/23/2024 at 6:20 AM
Listing updated: 10/18/2024 at 6:29 PM
Listed by: Rosalie Hadulias, Keller Williams Realty - Atlantic Shore Phone #: (609) 484-9890
MLS: Bright #PAPH2377672
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