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842 Hoffman Place

PHILADELPHIA, PA 19123
  • $899,990
  • STATUS: Active
  • ON SITE: 174 Days
  • ID#: PAPH2084544
UPDATED: 65 min ago
$899,990
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

This 4,000 Sq/Ft lot is a rare find and an absolute gem in 19123. The property already has pre-existing curb cut for parking where your dream home is waiting to be built. The land alone in this area sells for about $250 Sq/Ft on average, making this property priced to sell. With single family homes on lots a fraction of this size are pushing prices around $2,000,000, there's a true opportunity for great investment returns on this property. What's more is that the existing home is in exceptional condition and could be rented for $3,000/month while you develop your master plan. This property can be developed into a single family mini mansion with ample outdoor space and parking, or one can attempt to acquire a variance for multi-family use which would allow for 9 units with RM-1 zoning which this property happens to be surrounded by. This is rare and fantastic opportunity in Northern Liberties that does not come around often.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-12T19:03:00.52.
www.thedaileygroup.com/homes/125966066
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842 Hoffman Place PHILADELPHIA, PA 19123

  • Price: $899,990
  • Status: Active
  • On Site: 174 Days
  • Updated: 65 min ago
  • ID#: PAPH2084544
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1960
Built
Neighborhood:
19123 (19123)
County:
Philadelphia
Area:
19123 (19123)
School District:
The School District Of Philadelphia
Property Description
This 4,000 Sq/Ft lot is a rare find and an absolute gem in 19123. The property already has pre-existing curb cut for parking where your dream home is waiting to be built. The land alone in this area sells for about $250 Sq/Ft on average, making this property priced to sell. With single family homes on lots a fraction of this size are pushing prices around $2,000,000, there's a true opportunity for great investment returns on this property. What's more is that the existing home is in exceptional condition and could be rented for $3,000/month while you develop your master plan. This property can be developed into a single family mini mansion with ample outdoor space and parking, or one can attempt to acquire a variance for multi-family use which would allow for 9 units with RM-1 zoning which this property happens to be surrounded by. This is rare and fantastic opportunity in Northern Liberties that does not come around often.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types Driveway Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1224.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 1224.00

Property Features

Accessibility Features Doors - Swing In Assessment Year 2022 Business Type Apartment Building Central Air YN Yes Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801344435040 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Septic Tax Annual Amount 1532.00 Tax Assessment Amount 109500.00 Tax Lot 235 Vacation Rental YN No Water Source Public Zoning Rsa5

Listing courtesy of Ergo Real Estate Company.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dailey Group | Keller Williams Gateway. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-12T19:03:00.52.
 
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