840 Chelten AvePhiladelphia, PA 19138

This exceptional 1778 square foot lot, located at 840 E Chelten Ave in Philadelphia, Pennsylvania's Germantown area, presents a unique investment opportunity. Zoned by-right for a four-unit residential building, this property offers significant potential for developers and investors seeking to capitalize on the area's growing rental market. The interior lot measures 16 feet wide by 111 feet deep, providing ample space for a multi-family development. The asking price is $45,000. Market analysis indicates strong rental demand, with Section 8 vouchers currently averaging $1764 per month for a two-bedroom unit. This suggests a potentially high return on investment for a well-executed development project. The property's location in the vibrant Germantown neighborhood offers convenient access to local amenities, transportation, and a growing community. This is a rare opportunity to acquire a by-right development lot in a desirable Philadelphia neighborhood at an attractive price point. The property is situated in Philadelphia County, PA, zip code 19138. Act quickly to secure this promising investment.