1511 W Allegheny Avenue

Philadelphia, PA
$ 219,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Rare opportunity to sink your teeth into a large development project within the hottest 5 blocks of the North Philly corridor! The package includes 1511 W Allegheny, 1509 W Allegheny an income producing 6 unit building and 1510 W Hilton (if seller agrees to the sale). All parcels are owned by individual owners but willing to package together. There is massive upside potential for this project through the Qualified Opportunity Zone tax benefits! Real estate investments made by individuals through special funds in these new zones can defer or eliminate federal taxes on capital gains and avoid future tax penalties often associated with real estate investing. One hundred billion dollars in capital are expected to spur development in these zones. Over 1.8M SF are planned in this area alone, spurred by the Amtrak North Philadelphia redevelopment led by HFZ Capital of NYC. Tenants are the family of the owner so rent has been below market rates. Going rates for 2 beds are 1600 plus and for 1 beds 1200+. The project will have neighhood support from the RCO. Demo 1509 W Allegheny and build 28-32 units with rear parking on 1510 W Hilton. New construction triplexes are selling for 600k+. There is a major 100 million dollar plus expansion project planned for the septa station nearby and over 400 units for construction have been approved and are in the queue. All occupants have agreed to move out prior to the sale or stay if desired for 1509 W Allegheny.

Land

  • Price
  • $ 219,000
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Philadelphia
  • Taxes
  • 343
  • County
  • PHILADELPHIA
  • Style
  • Residential
  • Area
  • 19132
  • MLS#
  • PAPH931708
  • Zip
  • 19132
Listing Provided by: Keller Williams Philly

Features

General

Additional Parcels Y/N No
Association Y/N No
County PHILADELPHIA
Current Use Residential
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19132 (19132)
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 38.94
Property SubType Land
Property Type Land
Real Estate Owned Y/N No
Sewer Public Septic
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA3

Exterior Features

Lot Dimensions 53.70 x 104.74
Lot Size Acres 0.13
Lot Size Source Assessor
Lot Size Square Feet 5624.00
Navigable Water Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Fredicksburg, Virginia office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/3/2020 Listed $235,000
9/15/2020 7% - $219,000

Property vs Zip Code Average in 19132

Price
AVG $60K
$220K
Taxes
AVG $123
$343
Visits
AVG 43
33

Map

1511 W Allegheny Avenue Philadelphia, PA is a Single Family Home for sale at $219000 and a lot size of 5,663 SqFt Acre(s). 1511 W Allegheny Avenue Philadelphia has 0 bedrooms, 0 baths . The property's zip code is 19132 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.