$ 68,500
4133 RENO ST Philadelphia, PA 19104
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$ 68,500
Est. payment /mo
Price Dropped by $1K
4133 RENO ST Philadelphia, PA 19104
966 Sqft Lot
UPDATED:
08/27/2024 03:26 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2387170
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $272
Tax Year 2024
Lot Size 966 Sqft
Acres 0.02
Lot Dimensions 16.00 x 62.00
Property Description
**Prime Development Opportunity in a Top Philadelphia Location!**
This is an incredible chance to acquire a shovel-ready duplex lot in one of Philadelphia's most sought-after zip codes. The seller is very cooperative and ready to make a deal!
The lot is approved for two spacious 3-bedroom, 3-bathroom units, with one unit featuring a stunning open roof deck. Each bedroom has its own bathroom, making these units particularly desirable compared to others being built in the area. 3-bedroom units are rated for Section 8 at $2,136 per month, offering excellent rental income potential.
Situated in a Philadelphia Opportunity Zone, this property also comes with a 10-year tax abatement, enhancing its investment appeal.
Due to recent zoning changes, this is one of the last remaining multi-development opportunities in the area, as most properties have been rezoned to single-family.
Recent comparable sales include:
- 4506 Merion Ave, 19104: Sold for $557k
- 614 N Union, 19104: Sold for $717k
Both properties serve as solid examples of successful duplex developments nearby. Don’t miss out on this rare opportunity to invest in a prime location!
This is an incredible chance to acquire a shovel-ready duplex lot in one of Philadelphia's most sought-after zip codes. The seller is very cooperative and ready to make a deal!
The lot is approved for two spacious 3-bedroom, 3-bathroom units, with one unit featuring a stunning open roof deck. Each bedroom has its own bathroom, making these units particularly desirable compared to others being built in the area. 3-bedroom units are rated for Section 8 at $2,136 per month, offering excellent rental income potential.
Situated in a Philadelphia Opportunity Zone, this property also comes with a 10-year tax abatement, enhancing its investment appeal.
Due to recent zoning changes, this is one of the last remaining multi-development opportunities in the area, as most properties have been rezoned to single-family.
Recent comparable sales include:
- 4506 Merion Ave, 19104: Sold for $557k
- 614 N Union, 19104: Sold for $717k
Both properties serve as solid examples of successful duplex developments nearby. Don’t miss out on this rare opportunity to invest in a prime location!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 062046300
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Steve Burke Jr. • Tesla Realty Group, LLC
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