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INTRODUCING 3528 MOUNT VERNON - A prime QOZ (Opportunity Zone) multifamily development opportunity in the University City submarket of Philadelphia, Pennsylvania. With 18 units (46 beds) in a proposed 19,500 SF structure, this asset will command the city's most robust rental demand for generations to come. Surrounded by the "Eds and Meds" economic engine that powers Philly, there are billions of dollars in active stage developments nearby "” including Science Center, Schuylkill Yards, Amtrak's 30th Street Station master plan, and campus expansion efforts from leading universities Penn and Drexel. The property can be positioned for student housing for the universities but it can equally accommodate young professionals, academics, post-graduates, etc. Penn Presbyterian, HUP and CHOP are several of the world-class healthcare systems operating nearby. 10-year tax abatement eligible "” pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure. Buyer responsible to verify taxes and entitlements in DD. Lot dimensions are approximate. Renderings for illustrative purposes.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 11/7/2024 | Tract | UNIVERSITY CITY |
|---|---|---|---|
| Year Built | 0 | Community | 19104 (19104) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Nov 7, '24 | $950,000 |
|---|---|
| Nov 7, '24 - Today | $900,000 |
Additional Details
| AREA | 19104 (19104) |
|---|---|
| LOT | 3920 sq ft |
| LOT DESCRIPTION | Corner Lot, Irregular Lot |
| LOT DIMENSIONS | 105.00 X 65.00 |
| SEWER | Public Sewer |
| SUBDIVISION | UNIVERSITY CITY |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
Location
Listing provided by Keller Williams Liberty Place
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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 7:30 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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