2964 Richmond St Philadelphia, PA 19134

This exceptional mixed-use property at 2964 Richmond St, Philadelphia, PA 19134, presents a unique investment opportunity. Priced at $729,900, this 4,000 square foot building boasts a compelling price per square foot of $182.48. Originally constructed in 1915, the property has undergone a thoughtful three-story addition and renovation, designed by Interface Studio Architects, and is offered as building permit-ready. All necessary plans are included, ensuring a smooth transition to construction. The design encompasses 11 residential units – 10 one-bedroom and 1 two-bedroom – catering to modern living preferences. A dedicated commercial space is also included, adding to the property's versatility. Conveniently located in a vibrant Philadelphia neighborhood, residents will benefit from easy access to public transportation and local amenities. The building incorporates valuable features such as commercial storage, bike storage, and designated trash areas. The structure is value-engineered for both financial and mechanical efficiency, promising a strong return on investment. This is a rare chance to acquire a meticulously planned, permit-ready multifamily development in a desirable Philadelphia location. The property's blend of residential and commercial space offers significant income potential and long-term value.