Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
N/A
1801 N Howard Street is an existing structure, roughly 30,000 Sq Ft, and is constructed of Brick with an exterior fire escape, internal stair tower and an elevator shaft. The property is currently licensed for 13 residential units and generates over $220,000 a year in gross rents when fully leased. The current units are large some as big as 6,000 Sq Ft, the zoning in place allows for an increased unit count WITHOUT a variance, and due to the nature of the redevelopment will still qualify for the FULL 10 year tax abatement even after the end of December 2020. The seller has had plans drawn which are ready for zoning permit approval and illustrate the ability to increase unit count. The property has been nominated for a municipal historic designation, and this would allow developers to receive tax credits for the renovation should they desire to put the property on the national historic registry, tax credits can be applied to the new owners tax liabilities year over year or sold on a secondary market. The property also falls within one of Philadelphia’s Qualified Opportunity Zones. 1801 N Howard is less than one block from the Berks Avenue Station stop on the Market-Frankford Line which runs into Center City and University City. The property is perfectly situated to take advantage of all that Fishtown’s resurgence has to offer while presenting developers with a multitude of opportunities to maximize value. The property will be delivered with clean environmental reports, and can be delivered fully leased.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.25
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
On Street
Financial
-
Sales Price
$3,950,000
-
Tax Amount
11015.0
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA dues:
$
Total loan payment:
$
Total interest amount:
$
Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Michael Stafford , Keller Williams Philly
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Be the First to Know About New Listings!
Let us tell you when new listings hit the market matching your search. By creating a FREE account you can:
-
Get New Listing Alerts by Email
We will notify you when new listings hit the market that match your search criteria. Be the first to know of new listings!
-
Save searches
Save your favorite searches with specific areas, property types, price ranges and features.
-
Save Your Favorite Listings
Save an unlimited number of listings on our site for easy access when you come back. You can also email all of your saved listings at one time.
