3119 N 13Th Street, Philadelphia, PA 19133-1304 $90,000
Description
Prime Land Development Opportunity at 3119 N 13th Street, Philadelphia PA 19133. Property Highlights! A nicely sized 15 x 85 ft lot with RM1 zoning, ideal for 3 UNIT multi-family residential developments. "Opportunity Zone Benefits" Take advantage of significant tax incentives and potential investment returns by being located in a designated Opportunity Zone. 10-Year Tax Abatement! "Construction Ready" Permits have been issued for constructing a new multi-family development, allowing for immediate build-out and reducing the usual time delays associated with obtaining construction approvals. "Approved Triplex Development "This 3-story multifamily commercial space offers immense potential for developers and investors. The triplex includes: Ground Floor: A spacious bi-level unit featuring 3 bedrooms and 2 bathrooms, ideal for families or shared living. Second Floor: A well-designed 2-bedroom, 1-bathroom unit perfect for young professionals or small families. Third Floor: Another 2-bedroom, 1-bathroom apartment, providing a comfortable and modern living space. "Rooftop Deck" Enjoy stunning views and additional recreational space with a rooftop deck, adding significant value and appeal. Located in the rapidly developing neighborhood of Allegheny, North Philadelphia, the demand for residential units is increasing, driven by the proximity to key areas such as Temple University and the city's commercial hubs and minutes from Center City. "Investment Appeal "The area is experiencing significant growth, with new multi-family developments and investments pouring into the neighborhood, ensuring a high return on investment for developers and investors. With increasing property values and rental rates. Investing now allows you to benefit from future appreciation. "Immediate Build Potential" This investment promises financial returns and contributes to the revitalization of a growing community, enhancing its infrastructure and living conditions. "High Demand Area" Proximity to major institutions and the bustling North Broad Street corridor ensures high rental demand and stable occupancy rates. Modern Living Spaces: Each unit is thoughtfully designed with high-end finishes and modern amenities to cater to the needs of today’s renters. All necessary certifications and permits have been secured from the City of Philadelphia. Architectural plans are approved. This a dig-in-ready project. "Prime Location" Situated just minutes away from Temple Hospital and Temple Campus, this property is perfectly positioned to attract students, medical professionals, and city commuters.
Lot Dimens:
Front Footage:
School Dist: The School District Of Philadelphia
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
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Public Elementary (150 schools)
Public Middle (29 schools)
Public High (68 schools)
Private (117 schools)
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This report is a detailed community overview for Philadelphia (19133), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 35
- Average salary of people in this community: $26,517
Community Summary
- Population Density (ppl / mile): 20,801
- Household Size (ppl): 3.00
- Households w/ Children: 81%
Housing Inventory
- Owned: 3,975 (38.3%)
- Rented: 4,982 (48.0%)
- Vacant: 1,420 (13.7%)
- Total: 10,377
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: 16.6%
- Some High School: 24.0%
- High School Graduate: 34.1%
- Some College: 13.8%
- Associate Degree: 5.0%
- Bachelor's Degree: 5.5%
- Graduate Degree: 1.0%
Income by dollar range
Median Income: $20,353
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: $486
- One Bedroom: $576
- Two Bedroom: $703
- Three Bedroom: $829
- Four Bedroom: $870
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Contact Information
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or call me now at 302-234-6007
Listing Courtesy of: Trinity Property Advisors , (215) 422-3822
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/16/2024.
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.