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122 E CUMBERLAND ST Philadelphia, PA 19125
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Key Details
Sold Price $200,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision East Kensington
MLS Listing ID PAPH2386588
Sold Date 12/23/24
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $1,287
Tax Year 2024
Lot Size 1,667 Sqft
Acres 0.04
Lot Dimensions 18.00 x 93.00
Property Description
ALL OFFERS WILL BE CONSIDERED!
This 1,667 SF corner lot is a developer's dream. Located along one of Philadelphia's hottest neighborhoods, it offers exceptional potential for a multi-family project. With By-Right zoning for 4 units and over 5,000 SF of RM1 development, this property is ideal for investors seeking maximum return.
Enjoy unparalleled connectivity with multiple SEPTA bus lines and two Market-Frankford Line stops within a short walk. The thriving East Kensington scene, featuring new restaurants, bars, and shops, complements this opportunity. As a qualified federal opportunity zone, this property offers substantial tax incentives.
-1,667 SF corner lot (18'x93')
-By-Right zoning for 4+ units
-Over 5,000 SF RM1 multi-family potential
-Excellent public transportation
-Qualified federal opportunity zone
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning RM1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 314001000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Negotiable
Listing Terms Cash, Negotiable
Financing Cash,Negotiable
Special Listing Condition Standard
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Bought with Gazi Ataseven • HomeSmart Realty Advisors