4133 RENO ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2387170
Annual Tax Amount $272
Tax Year 2024
Lot Size 966 Sqft
Property Description
**Prime Development Opportunity in a Top Philadelphia Location!**
This is an incredible chance to acquire a shovel-ready duplex lot in one of Philadelphia's most sought-after zip codes. The seller is very cooperative and ready to make a deal!
The lot is approved for two spacious 3-bedroom, 3-bathroom units, with one unit featuring a stunning open roof deck. Each bedroom has its own bathroom, making these units particularly desirable compared to others being built in the area. 3-bedroom units are rated for Section 8 at $2,136 per month, offering excellent rental income potential.
Situated in a Philadelphia Opportunity Zone, this property also comes with a 10-year tax abatement, enhancing its investment appeal.
Due to recent zoning changes, this is one of the last remaining multi-development opportunities in the area, as most properties have been rezoned to single-family.
Recent comparable sales include:
- 4506 Merion Ave, 19104: Sold for $557k
- 614 N Union, 19104: Sold for $717k
Both properties serve as solid examples of successful duplex developments nearby. Don?t miss out on this rare opportunity to invest in a prime location!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RM1
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Special Listing Condition Standard