702 Oak Ln,PHILADELPHIA, PA 19126
PHILADELPHIA, PA 19126
Description
As-Is Apartment Building with Significant Upside PotentialThis is a prime investment opportunity for seasoned investors or developers looking to capitalize on a building with incredible upside potential. Located in Germantown, this is being offered as-is and presents an ideal opportunity for a value-add rehab project. Given the size of the lot, there is also an opportunity to build additional units to enhance the value of this opportunity greatly. Apartment building is zoned CMX2 which allows for great flexibility in the underlying development potential. While the property currently requires renovation, its strategic location, and solid structural foundation offer immense potential for future growth and profitability. With proper updates and upgrades, this property can be transformed into a high-demand, income-producing asset with substantial appreciation potential. See pro-forma valuation to see the potential upside that this building offers.This building is priced to sell with substantial room for value creation. Whether you're looking to fix and flip or hold for long-term rental income, this property offers a fantastic opportunity to realize a significant return on investment. Key Highlights: Located in a rapidly developing and high-demand area Solid bones and structure, ready for a complete Potential for improved market rents, long-term capital appreciation, and increased occupancy rate
Details
| MLS # | PAPH2451646 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 111 |
| Listing Provided By | Mosaic Brokerage Group, LLC | Alicia M Magill |
Features
| Units | 5 |
|---|---|
| Zoning | CMX2 |
| Acreage | 0.25 |
| Water Front | Yes |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air, Radiator |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Market Activity 19126
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19126 |
| Area | 19126 (19126) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19126) | |
Price: $650,000 low | high Med: $252,450 On site: 111 low | high Med: 104.000000 | |
