MLS® ID: PAPH822290
2542-46 N ORIANNA STREET
PHILADELPHIA, Pennsylvania, 19133 $75,000
3 contiguous RM-1 lots, each (SIDE BY SIDE) 12x39 totalling a footprint 36 wide and 39 deep. Each lot is only $25/yr for taxes. Incredibly close to the redevelopment in South Kensington as well as about a block from the americanstimprovementproject.com which is slated to be finished in December of 2020. (This project will positively impact the quality of life and the value of the real estate and neighborhoods that it intersects, with increased and improved walking paths & crosswalks, bike lanes, new trees, new lighting, as well as "revolutionary" stormwater infrastructure. that will positively impact the community.) Inventory in this area is at an all-time low due to increased demand, as South Kensington is maxed out for investors and developers. The lots are located in the next hot neighborhood and the RM-1 zoning offers a unique opportunity to build a multi-family dwelling to support this amazing growing community. Closely situated TempleU Campuses. New construction 1 bedroom comps (on the 2500 block of N Front St.) suggest rents are 1,045+/mo. 1 and 2 bedroom rents in the area for single-family not renovated homes range between 600-975/mo and 2 bedroom new construction rental comps are not available, YET. We welcome your questions and please feel free to drive by in addition to viewing the photos we have posted. Build - Rent - Hold - Sell seems like the winning formula here. Motivated seller. All offers will be presented.