PA
PHILADELPHIA
19133
167 W CUMBERLAND STREET
167 W CUMBERLAND STREET, PHILADELPHIA, PA 19133
Listing Type
lots/land
Listing Status
active
2
$70,000

Home Details for 167 W CUMBERLAND STREET

Price
$70,000
Type
Land
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Lot size acres
0.02
Garage
Days on site
96
MLS Listing#
PAPH2379786
Listing courtesy: KW Empower - 2156273500
Property Description

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 Features
  • Water Features
    • Public
IDX listing information is from various brokers who participate in IDX and provided courtesy of Bright MLS. Property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information contained on this website provided by MRIS is deemed reliable but not guaranteed ©2024 Bright, All Rights Reserved.
Last Updated: 2024-11-09 04:07:11
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Median Listing Price
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Market statistics compiled from data from Bright MLS.
EXIT ELEVATE REALTY
1450 Grays Ferry Ave. 1st Floor, Philadelphia, PA 19143
Office
215 623 6000
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