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5500 Haverford Avenue

PHILADELPHIA, PA 19139
  • $525,000
  • STATUS: Active
  • ON SITE: 158 Days
  • ID#: PAPH1018736
UPDATED: 55 min ago
$525,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Total of 12,867sf of land in West Philadelphia zone CA-1 / RSA5. Proposed use to Build 34 Apartment Units, no plans or permits in hand. All due diligence the responsibility of the purchaser. The prior building was damaged in a building fire and the existing structure was demolished. Assumptions -34 800sf Apartments @ $1,100 per month rents -Sub 20% Expense Ration with Philadelphia Tax Abatement -Projected NOI: $370,000 -Stabilized Value: $5,300,000 @ 7% Cap Rate

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©2021 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 accurate by the MLS or ExecuHome Realty. 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: 2021-10-23T19:50:39.563.
www.execuhome.com/homes/117312977
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5500 Haverford Avenue PHILADELPHIA, PA 19139

  • Price: $525,000
  • Status: Active
  • Updated: 55 min ago
  • ID#: PAPH1018736
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
Total of 12,867sf of land in West Philadelphia zone CA-1 / RSA5. Proposed use to Build 34 Apartment Units, no plans or permits in hand. All due diligence the responsibility of the purchaser. The prior building was damaged in a building fire and the existing structure was demolished. Assumptions -34 800sf Apartments @ $1,100 per month rents -Sub 20% Expense Ration with Philadelphia Tax Abatement -Projected NOI: $370,000 -Stabilized Value: $5,300,000 @ 7% Cap Rate
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Assessment Year 2021 Association YN No Central Air YN No Condo YN No Construction Completed YN No Current Use Vacant Historic YN No Horse YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 304611577894 Ownership Interest Fee Simple Possession Settlement Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 1216.00 Tax Assessment Amount 86900.00 Tax Lot 208 Vacation Rental YN No Water Source Public Zoning Ca1

Listing courtesy of Keller Williams Philly.


©2021 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 accurate by the MLS or ExecuHome Realty. 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: 2021-10-23T19:50:39.563.
 
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9512 Harford Road, Suite 7
Parkville MD, 21234