5837 13Th StPhiladelphia, PA 19141

Property Details for 5837 13Th St

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 8,405 square foot lot presents a compelling investment opportunity in Philadelphia's vibrant Fern Rock/Logan neighborhood. Currently zoned RSA-3, the property offers significant potential for creative redevelopment. An existing single-family building on the site is structurally unsound and likely requires demolition, presenting a blank canvas for new construction. The substantial lot size allows for the possibility of subdivision into multiple parcels, maximizing development potential. The area boasts a Walk Score of 83 and a Transit Score of 84, indicating convenient access to amenities and public transportation. Nearby, residents will find a variety of dining options, including fast food chains and local eateries, as well as several schools and grocery stores. Recreation is easily accessible with Kemble Park, Harpers Hollow Park, and Fisher Park Basketball Court all within proximity. The Fern Rock Transportation Center is a short 6-minute trip away, providing convenient access to public transit. The recent renovation of a neighboring apartment building within the last four years underscores the neighborhood's growth and potential for long-term appreciation. This property offers a unique chance to capitalize on a prime location and create a standout investment. The asking price is $120,000, with a pro-forma cap rate of 2.62%. The property's APN is 493202600 and is held in fee simple ownership.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0422

Longitude

-75.1416

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