167 West Cumberland Street
$70,000
855 / 0.02
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...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!
- Listed by Richard K Cassell • KW EmpowerP: (215)-607-6007 rcassell@kw.com
Property Details for 167 West Cumberland Street
Tax ID Number
885256960
OwnershipFee Simple
HOANo
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirNo
Construction CompletedNo
LISTING UPDATED: 08/25/2024 04:09 AM
Property Details for 167 West Cumberland Street
Status | Active |
---|---|
MLS # | PAPH2379786 |
Days on Market | 139 |
Taxes | $179 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Fee Simple |
Year Built | - |
Lot Size | 0.02 AC |
County | Philadelphia County |
Building Information for 167 West Cumberland Street
Lot Size0.02 AC
Property Information for 167 West Cumberland Street
Property History for 167 West Cumberland Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 167 West Cumberland Street
Taxable ValueLand$12,800Additions-Total$12,800
Tax Record2024$179 ($15 / month)
Home Facts
Beds0Lot Size855 SqFtStyleResidentialZoningRM1CountyPHILADELPHIAAPN88-5-2569-60
Schools near 167 West Cumberland Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hunter William H School PublicPK to 8 | ||
Kensington HS Public9 to 12 | ||
Kensington Creative & Performing Arts High School Public9 to 12 | ||
Kensington Culinary Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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