423 N 60Th Street, Philadelphia, PA 19151-4304 $59,000
Description
A rare opportunity awaits for savvy investors and developers: a multifamily vacant lot located in a prime neighborhood, this parcel of land presents a blank canvas for creating a lucrative multifamily property. With its proximity to public transportation, local amenities, and thriving commercial corridors, this lot is poised to yield a significant return on investment. Imagine a modern apartment complex, complete with sleek amenities, rising from the ground to cater to the city's growing demand for quality housing. By capitalizing on this lot, entrepreneurs can unlock the potential for a lucrative rental income stream, while also contributing to the revitalization of Philadelphia's urban landscape. RM1 zoned, 16 ft wide, 3+ units allowed per zoning. Selling as-is, cash only.
Lot Dimens: 16.00 x 76.00
Front Footage:
School Dist: The School District Of Philadelphia
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
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Public Elementary (121 schools)
Public Middle (20 schools)
Public High (49 schools)
Private (129 schools)
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This report is a detailed community overview for Philadelphia (19151), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $41,156
Community Summary
- Population Density (ppl / mile): 13,840
- Household Size (ppl): 2.80
- Households w/ Children: 70%
Housing Inventory
- Owned: 7,802 (57.7%)
- Rented: 3,978 (29.4%)
- Vacant: 1,737 (12.9%)
- Total: 13,517
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 6.2%
- High School Graduate: 33.4%
- Some College: 24.5%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.8%
- Graduate Degree: 11.3%
Income by dollar range
Median Income: $49,788
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $817
- One Bedroom: $745
- Two Bedroom: $944
- Three Bedroom: $1,225
- Four Bedroom: $1,421
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-5104
Listing Courtesy of: Meta Realty, LLC , (856) 267-3829, investinspaces@gmail.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.