2337-41 Pennsylvania Ave

Estimated Monthly Payment: $14,092/mo 2337-41 Pennsylvania Ave, Philadelphia, PA 19130 MLS# PAPH838526 Residential Listing Status: ACTIVE
4
3
2,040 sqft
13
17
0
0

REMARKS:

On behalf of ownership, pleased to present this unrivaled development opportunity with unobstructed, front facing views of both the Museum of Arts and the Rocky statue. A 4798sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an rsa5 distinction. With ample development scenarios in play, 2341 Penn Ave presently seats a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, taken down to allow for new construction or rezoned multifamily. (3) 3100sqft+ homes may be constructed by right, with the possibility in receiving a variance for an additional single family or converted to a multifamily designation (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that sold out in a 10 month span (estimated $1,600,000-$2,400,000 outsale per home). Expected outsale for this Pennsylvania Ave assemblage once constructed: $1,900,000-$2,100,000 per home. Anticipated ROI; 14-17%. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!

OVERVIEW:

Residential
Row/Townhouse
ACTIVE
BRIGHT
Fairmount
Traditional
1975
0.11
2040
4715
Above Grade, Below Grade
Other
Natural Gas Available
None
Public
Public Sewer

FEATURES:

No Pool

ROOM INFO:

4
3
Fully Finished

SCHOOLS:

THE SCHOOL DISTRICT OF PHILADELPHIA

FINANCIAL:

3000000
4940
4940

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of BHHS Fox & Roach-Center City Walnut

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Center City Philadelphia shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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