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318 N Budd Street, Philadelphia, PA 19104
$925,000
318 N Budd Street, Philadelphia, PA 19104View this property at 318 N Budd Street, Philadelphia, PA 19104
318 N Budd StreetPhiladelphiaPA19104
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Property Description
Back on the market at a greatly reduced price! 318-20 N Budd Street is a 50 foot by 112 foot lot within a Qualified Opportunity Zone. This property has multiple strategies and can be built into an apartment building and held to take advantage of the QOZ, sold to another investor looking for the same opportunity or divided into 8 condos with parking and sold individually. Current existing structure on the property is a double wide, 2-story garage primed for development. This property's close proximity to Penn and Drexel creates a variety of possible strategies to capitalize on your investment. Zoning and plans were previously approved (now expired) to develop an 8 unit building with parking for each unit (plans available upon request). A tremendous amount of development is taking place in the area, including 3.0 University Place, Schuylkill Yards and the Science Center.
Full Property Details
Full Property Details for 318 N Budd St
General
- Price: $925,000
- Taxes: $6,010 (2023)
- Status: Active
- Type: Warehouse
- MLS ID: PAPH2339298
- Updated: 5/18/2024
- Added to Site: 60 day(s) ago
Business
- Business Type: Apartment Building, Auto Related, Parking Garage, Sto
Parking
- Parking Type: None
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: West Powelton
- Subdivision: West Powelton
- Driving Directions: Budd Street, just north of Powelton
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Drive-In Doors: 1
- Stories/Levels: 0
- Year Built: 1925
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,624
- Lot Size Source: Assessor
- Lot Dimensions: 50.00 x 112.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $102.78
- Assessment Year: 2023
- School Tax: $3,298
- City/TownTax: $2,712
- City/TownTax Freq: Annually
- Tax w/Assessment: $429,400
- Tax Amount: $6,010
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 16
Listed by KW Empower, Christopher Hvostal
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Schools
Schools serving 318 N Budd St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
4550 Haverford Ave, Philadelphia, PA 19139 | K-8 | 0.5 mi | |
4901 Chestnut St, Philadelphia, PA 19139 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 318 N Budd St
Date
Details
Price
Change
Source
4/04/2024
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 318 N Budd St
318 N Budd Street, Philadelphia, PA 19104 (MLS# PAPH2339298) is a Warehouse property. 318 N Budd Street is currently listed for $925,000 and was received on April 04, 2024. Want to learn more about 318 N Budd Street? Do you have questions about finding other Warehouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.