PA > Philadelphia
Philadelphia, PA 19133,167 W CUMBERLAND ST
Philadelphia, PA 19133,167 W CUMBERLAND ST
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Kelly Stipa

Kelly Stipa

+1(267) 249-9000
$70,000
Est. payment /mo
855 Sqft Lot
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UPDATED:

08/25/2024 08:09 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2379786

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $179

Tax Year 2024

Lot Size 855 Sqft

Acres 0.02

Lot Dimensions 15.00 x 57.00

Property Description

Prime Development Opportunity at 167 W Cumberland St! This RM1 zoned lot is perfectly positioned for development, allowing for the construction of a 3-story structure with 2 units by right. Currently raw land, this lot provides a blank canvas for your vision with no existing plans, offering endless possibilities for customization. Key features include the potential to build an egressed basement, maximizing space and functionality. Each unit has the potential to rent for $1700 per month, providing a strong rental income stream. With an average ARV of $535k+, this is a lucrative investment opportunity. Adjacent to an empty lot, this property ensures ample space for development. A reputable builder is available to provide a rough estimate on construction costs and is ready to engage in the build, ensuring a smooth and efficient process from start to finish. Don't miss out on this exceptional opportunity to invest in a rapidly developing area and capitalize on the strong rental market. Contact us today to learn more!

Location

State PA

County Philadelphia

Area 19133 (19133)

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 885256960

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Richard K Cassell • KW Empower

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Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

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