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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!
Property Type(s):
Lot/Land/Acreage
| Last Updated | 8/7/2024 | Year Built | 0 |
|---|---|---|---|
| Community | 19133 (19133) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AREA | 19133 (19133) |
|---|---|
| LOT | 871 sq ft |
| LOT DIMENSIONS | 15.00 x 57.00 |
| SEWER | Public Sewer |
| TAXES | 179 |
| WATER | Public |
| ZONING | 2 Residential units by right |
Location
Listing provided by KW Empower
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 10:28 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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