Philadelphia, PA 19104,4019 HAVERFORD AVE
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Philadelphia, PA 19104,4019 HAVERFORD AVE
Philadelphia, PA 19104,4019 HAVERFORD AVE

$440,000

Est. payment /mo

$499,999

12.0%
Est.Price: ?

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4019 HAVERFORD AVE Philadelphia, PA 19104

2,801 Sqft Lot

SOLD DATE : 09/01/2020

Key Details

Sold Price $440,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision University City

MLS Listing ID PAPH895444

Sold Date 09/01/20

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $1,184

Tax Year 2020

Lot Size 2,801 Sqft

Acres 0.06

Lot Dimensions 19.00 x 147.42

Property Description

Introducing 4019 Haverford AVE, an approved multifamily development opportunity now available in the University City Qualified Opportunity Zone (QOZ) of Philadelphia, Pennsylvania. The 9500 SF future property was expertly designed by a leading architectural firm to maximize spatial efficiency for each of the 7 apartments feeding the Drexel University student base. Bedroom count (20) purposely designed to cater to a market fueled by student and millennial demographics. There are six (6) 3bd apartments and one (1) 2bd apartment contained in the two (2) buildings with rooftop terraces featuring sweeping city views. Low construction costs with stick frame 3/4 storey construction. Defer capital gains through QOZ investment. Secure the coveted full 10 year tax abatement before it disappears, as this program was recently diminished. Strong rental demand, asset appreciation and growth forecast for years to come in UCITY. Walkable to world class Drexel University, Amtrak 30th Street Station, University of Pennsylvania + more. This submarket is exploding with new development fueled by the healthcare, business and education sectors (eds and meds) as a second city rises west of the Schuylkill River due in part to projects like Schuylkill Yards, Science Center, Cira Centre South, the Platinum Corridor + more. Tens of millions of new SF being developed nearby including biomed, office, multifamily, lab, medical, educational, research and retail. Offering memorandum, pro forma financials, floorplans, permits available upon request. Buy and build. MAKE YOUR MOVE!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Exterior

Water Access N

View City

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 061049000

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with Ryan J McManus • Compass RE
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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