#PAPH2437696, Felice E Murphy, Listing Office: Realty Mark Associates - KOP
$9,500
closing credit¹
4916-4920 Lancaster Ave Unit 4916-4920 Philadelphia, PA 19131
Property details
About 4916-4920 Lancaster Ave Unit 4916-4920
4916-4920 Lancaster Ave Philadelphia, Pa 19131 CMX-2 Collection: Six (6) small scale commercial and residential use condominiums, 7,502 square feet CMX-2 Lifestyle: space to work, live and entertain. OPPORTUNITY ZONE INVESTMENT UPENN CLOSING COST REDUCTION PROGRAM. Perfectly situated just 10 minutes from the University of Pennsylvania and Drexel University, 16 minutes from Amtrak 30th Street Station, and 20 minutes from Philadelphia International Airport, this opportunity offers unrivaled convenience and potential for growth. Three Versatile Storefronts, that can be transformed into various businesses such as an insurance office, law office, co-working spaces, wireless store, dine-in or take-out restaurant, or even a 1,200-square-foot event space. Imagine the possibilities and capitalize on the high-visibility location! Upon completion Three Spacious Inviting Bedroom-Apartments with a potential of strong rental income of $2,500 per storefront and $2,500 per apartment, making this a lucrative opportunity for long-term returns. Mini-Mall Potential environment where the storefronts attract diverse businesses while the apartments provide valuable residential rental income Unit 4916: Charming 2-story residential unit with two 950 sq. ft. loft apartments. Each apartment boasts beautiful 2-inch Red Oak Appalachian hardwood floors and updated bathrooms. Enjoy outdoor living with a spacious backyard on the first floor and a relaxing deck on the second floor. Unit 4918: Dynamic 2-story commercial space offers two 1,400 sq. ft. storefronts, both featuring 2-inch Red Oak Appalachian hardwood floors and accessible bathrooms. The first-floor space includes a 304 sq. ft. backyard, while the second floor features a 153 sq. ft. deck. Ideal for a variety of business ventures including offices, co-working spaces, or an event venue. Unit 4920: 2-story house with 1,908 sq. ft. of space, featuring 2 updated bathrooms and elegant 2-inch Red Oak Appalachian hardwood floors. This unit also includes a 304 sq. ft. backyard and a 153 sq. ft. deck, offering a comfortable living environment. All three units present a fantastic opportunity for customization with an outstanding investment in an Opportunity Zone, with endless possibilities for savvy investors or business owners." Sold in as is condition" Seize this chance to create a thriving mixed-use development with residential and commercial spaces. These properties have not been completely renovated and are being sold in their "AS IS" condition. Seller will not be making any repairs. *Photos are Virtually staged*
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2377672
- MLS Name: BRIGHT
- Office Name: Keller Williams Realty - Atlantic Shore
- Office Phone: (609) 484-9890
- Office Email: klrw794@kw.com
- Listing Agent: Rosalie Hadulias
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Last updated on: 2/1/2025, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$800,000
4916-4920 Lancaster Ave Unit 4916-4920
$9,500
closing credit¹
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Price information
Property sales
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Nearby schools
5
Samuel Powel Elementary School
Public District KG-4
0.4 mi
•301 N 36th St
3
Inquiry Charter School
Public Charter PK-5
1.8 mi
•1301 Belmont Ave
3
Stephen Girard Elementary School
Public District KG-4
2.3 mi
•1800 Snyder Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,758. The majority of Philadelphia, PA residents have income less than $<35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
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Frequently asked questions
About 4916-4920 Lancaster Ave Unit 4916-4920
This home is located at 4916-4920 Lancaster Ave Unit 4916-4920 in Philadelphia, PA and zip code 19104 in the University City neighborhood. This 7,052 square foot home, which was built in 1925, sits on a 0.03 acre lot. Features: 0 bedroom, 6 bathrooms. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $800,000.
In January 2025, from all listings sold in Philadelphia, PA there were more than 152 sold above asking price, over 457 sold below and more than 186 were sold right at the asked price. Between December and January 2025, Philadelphia, PA real estate market has seen increase in the number of listings by 3.5%. The median list price of listings available in January 2025 was $266,945, while the average time on the real estate market was 52 days.