MLS® ID: PAPH824250
2416-18 CLIFFORD STREET
PHILADELPHIA, Pennsylvania, 19121 $349,999
Two contiguous shovel ready multifamily development parcels located just above the surging submarket of Brewerytown in Philadelphia, Pennsylvania. These parcels will be delivered fully entitled to build 2 triplexes totaling 6800 SF. Unit 1 2bd x 2ba; Unit 2 3bd x 3ba; Unit 3 1bd x 1ba; Unit 4 1bd x 1ba; Unit 5 3bd x 3ba. Unit 6 3bd x 3ba. Common roof deck and backyard. Pro forma gross annual income: $136,800. Pro forma gross annual expenses: $22,198. Pro forma NOI (Net Operating Income): $107,762.Located in Philly's Qualified Opportunity Zone. Property will qualify for Philadelphias 10 Year Tax Abatement. Centrally located with easy access to Art Museum Area + cultural district, Fairmount, Francisville, TempleU and Center City.