514-18 West Berks Street
Property Description
MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in the West Kensington neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building, with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among several multi-family and mixed-use developments, and in close proximaty to Temple Univesity. The Property is located in a Qualified Opportunity Zone (QOZ), which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid, until 2026. More information is located on page 5 of the OM. The properties are situated in a Mixed Income Overlay District, which provides for affordable housing requirements.Broker Details
MPN Realty, Inc. (267) 546-1718
MLS ID: 3134766 State License Number: RS311101
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $365,000 |
| No. of Units: | 12 |
| Lot Size: | 0.06 Acres |
| Opportunity Zone: | No |
| Price per unit: | $30,417 |
| Property Website | Click Here |
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