Patterson-Schwartz Real Estate4916-4920 Lancaster Avenue #4916-4920, Philadelphia, PA 19131-4519 $800,000
Interior Sq. Ft: 7,052
Acreage: 0.03
Age:99 years
Style:
Other
Subdivision: None Available
Design/Type:
Other
Description
4916-4920 Lancaster Ave Philadelphia, Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residential use condominiums, 7,502 square feet CMX-2 Lifestyle: space to work, live and entertain. OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM. Perfectly situated just 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station, and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth. Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant, or even a 1,200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location! Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2,500 per storefront and $2,500 per apartment, making this a lucrative opportunity for long-term returns. Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income Unit 4916: Charming 2-story residential unit with two 950 sq. ft. loft apartments. Each apartment boasts beautiful 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a spacious backyard on the first floor and a relaxing deck on the second floor. Unit 4918: Dynamic 2-story commercial space offers two 1,400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessible bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces, or an event venue. Unit 4920: 2-story house with 1,908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment. All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with endless possibilities for savvy investors or business owners." Sold in as is condition" Seize this chance to create a thriving mixed-use development with residential and commercial spaces. These properties have not been completely renovated and are being sold in their "AS IS" condition. Seller will not be making any repairs. *Photos are Virtually staged*
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Heating - None, Natural Gas Available, None, None, Public Water, Public Sewer, Electric Available, Natural Gas Available
Garage/Parking
On Street
Interior
Full Basement, Accessibility - Other Bath Mod
Exterior
Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (144 schools)
Public Middle (22 schools)
Public High (59 schools)
Private (138 schools)
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This report is a detailed community overview for Philadelphia (19131), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 35
- Average salary of people in this community: $38,096
Community Summary
- Population Density (ppl / mile): 7,954
- Household Size (ppl): 2.41
- Households w/ Children: 55%
Housing Inventory
- Owned: 8,544 (40.0%)
- Rented: 8,980 (42.0%)
- Vacant: 3,837 (18.0%)
- Total: 21,361
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.9%
- Some High School: 7.8%
- High School Graduate: 29.9%
- Some College: 26.4%
- Associate Degree: 5.5%
- Bachelor's Degree: 15.2%
- Graduate Degree: 12.3%
Income by dollar range
Median Income: $37,345
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $867
- One Bedroom: $959
- Two Bedroom: $1,137
- Three Bedroom: $1,058
- Four Bedroom: $1,543
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Contact Information
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Listing Courtesy of: Keller Williams Realty - Atlantic Shore , (609) 484-9890, klrw794@kw.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/05/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
