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Key Details
Sold Price $130,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Subdivision Sharswood
MLS Listing ID 1008355448
Sold Date 02/11/19
HOA Y/N N
Originating Board TREND
Annual Tax Amount $38
Tax Year 2018
Lot Size 773 Sqft
Acres 0.02
Lot Dimensions 15X49, LotWidth:15 X LotDepth:49
Property Description
Located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. Shovel-ready in on the edge of Brewerytown in Sharswood! Buy 1206 Taylor today and build tomorrow. This 2,250 SF project sites directly behind historic Girard College and is completely shovel-ready with all plans and permits delivered at settlement. Located in the burgeoning Sharswood district of Philadelphia on the edge of Brewerytown, 1206 Taylor is a fully-approved duplex building that can be sold as 2 spacious designer condos in the 350K range or leased as 2 new construction apartments in the 2100/month range once built. Unit 1 = 3bd/2ba w/ 1,000 SF and yard. Unit 2 = 3bd/2ba w/ 1,000 SF and skyline roofdeck. As a stabilized rental investment property, 1206 Taylor yields a pro forma 6.6-cap. Over half a billion dollars in planned investment and thousands of new residential units are slated for the Sharswood district over the next decade. The Philadelphia Housing Authority (PHA) has already spearheaded growth here by anchoring the area with their new forty-five-million-dollar mixeduse headquarters building located just a few blocks east of 2133 Master. With booming Brewerytown due immediately west of 1206 Taylor, fast-paced Francisville due south, and the inevitable transformation of the Sharswood district due east, 1206 Taylor is totally insulated by rapid real estate transformation, poised for strong rental demand, long-term growth and future appreciation. Investment pro forma and building plans available upon request.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Other Rooms Primary Bedroom
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 291322210
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Ryan J McManus • BHHS Fox & Roach-Center City Walnut