Todd Stover - Coldwell Banker Hearthside
2133 W Master St
PHILADELPHIA, PA 19121

Description

Located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. Shovel-ready in Sharswood! Buy 2133 Master today and build tomorrow. This 3,754 SF project is completely shovel-ready with all plans and permits delivered at settlement. Located in the burgeoning Sharswood district of Philadelphia, 2133 Master is a fully-approved triplex building with Southern exposure on a 19.5' wide lot that can be sold as 3 spacious designer condos or leased as 3 new construction apartments once built. Unit 1 = 3bd/3ba w/ 1662 SF and yard. Unit 2 = 2bd/1ba w/ 900 SF and deck. Unit 3 = 2bd/1.5ba w/ 900 SF and deck. As a stabilized rental investment property, 2133 Master yields a pro forma 6.6-cap. Over half a billion dollars in planned investment and thousands of new residential units are slated for the Sharswood district over the next decade. The Philadelphia Housing Authority (PHA) has already spearheaded growth here by anchoring the area with their new forty-five-million-dollar mixeduse headquarters building located just a few blocks east of 2133 Master. With booming Brewerytown due west of 2133 Master, fast-paced Francisville due south, and the inevitable transformation of the Sharswood district due east, 2133 Master is totally insulated by rapid real estate transformation, poised for strong rental demand, long-term growth and future appreciation. Investment pro forma and building plans available upon request.

Details

MLS#1007426858
Sub-TypeResale
StatusActive
Days On Site75

Features

ZoningRM1
Acreage0.03

Market Activity 19121

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
Listing VS Median (in 19121)
Price:
$205,000
low | high
Med:
$90,000
100% of Average
On Site:
75
low | high
Med:
11
100% of Average
Listing Updated: 12/09/2018
MLS Number: 1007426858
Listing Provided By:
Ryan J McManus  of  BHHS Fox Roach-Center City Walnut

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