SQUARE FEET2,175
MLS#PAPH2558804
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONELMWOOD PARK
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
7119 Woodland Ave | Southwest Philadelphia | IRMX Zoning | Triplex Rare opportunity to acquire an income-producing triplex situated on a 2,254 sq ft lot with 2,175 sq ft of building area, zoned IRMX , one of Philadelphia's most flexible and sought after industrial mixed-use designations. The property currently operates as a 3-unit residential building with two occupied units generating immediate cash flow. The 2nd and 3rd floor units are in great condition with quality, paying tenants in place. The 1st floor unit is vacant and needs only light renovation. A straightforward value-add opportunity to bring the property to full occupancy. What makes this property truly stand out is the IRMX zoning. By right, IRMX allows multi-family residential, artist studios, artisan industrial, office, warehouse, restaurant, and a wide range of commercial uses, with no required rear yard setback, up to 75% lot coverage, and a maximum building height of 60 feet. An investor or developer can build out the existing footprint, add a rear structure to the property line, or pursue a mixed-use redevelopment all without needing a variance. Income today. Upside tomorrow. Don't miss this one.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central A/C
Fuel Type: Electric
Heating: 90% Forced Air
Home Style: Transitional
Lot Size: 0.00 Acre(S)
Roof Type: Flat
Taxes: $1,639
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade
Exterior: Masonry
Lot Dimensions: 0.00 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 3
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Units: 3
Water: Public
Local Schools
High School: JOHN BARTRAM
Middle School: WILLIAM T. TILDEN
Elementary School: JOSEPH W. CATHARINE
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Realty Mark Cityscape
Agency Phone: 2155837777
Shown By
Agent Name: Tina Kosinski
Agent Phone: (717) 440-2467
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 828.82 per month $612.03 Principal & Interest $136.58 Property Tax $80.21 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
7119 Woodland Avenue | MLS# PAPH2558804
This multi-family property located at 7119 Woodland Avenue, Philadelphia, PA 19142 is currently listed for sale with an asking price of $275,000. Woodland Avenue is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.tkrealestate.org today.