702 OAK LANE AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19126
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,892 sqft
Price per Sqft $132
Subdivision East Oak Lane
MLS Listing ID PAPH2510656
Style Converted Dwelling,Other,Traditional
Bedrooms 7
Full Baths 4
Year Built 1925
Annual Tax Amount $6,332
Tax Year 2024
Lot Size 0.254 Acres
Property Description
As-Is Multi Family Building with Significant Upside Potential
This is a prime investment opportunity for seasoned investors or developers looking to capitalize on a building with incredible upside potential. Located in Oak Lane, this is being offered as-is and presents an ideal opportunity for a value-add rehab project. Given the size of the lot, there is also an opportunity to build additional units to enhance the value of this opportunity greatly. Property is zoned CMX2 which allows for great flexibility in the underlying development potential.
While the property currently requires renovation, its strategic location, and solid structural foundation offer immense potential for future growth and profitability. With proper updates and upgrades, this property can be transformed into a high-demand, income-producing asset with substantial appreciation potential. See pro-forma valuation to see the potential upside that this building offers.
This building is priced to sell with substantial room for value creation. Whether you're looking to fix and flip or hold for long-term rental income, this property offers a fantastic opportunity to realize a significant return on investment.
Key Highlights:
• Located in a rapidly developing and high-demand area
• Solid bones and structure, ready for a complete
• Potential for improved market rents, long-term capital appreciation, and increased occupancy rate
Location
State PA
County Philadelphia
Area 19126 (19126)
Zoning CMX2
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Zoned
Cooling Central A/C,Wall Unit
Exterior
Parking Features Additional Storage Area
Garage Spaces 4.0
Water Access N
Roof Type Flat,Pitched
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Acceptable Financing Cash,Conventional,Contract,FHA,Private,Lease Purchase,Other
Listing Terms Cash,Conventional,Contract,FHA,Private,Lease Purchase,Other
Special Listing Condition Standard
Pets Allowed No Pet Restrictions