1511 West Allegheny Avenue

Philadelphia, PA 19132

$600,000
Price
5,662 / 0.13
Lot Size / Acres

Property Details for 1511 West Allegheny Avenue

StatusExpired
MLS #PAPH790264
Year Built-
DOM90
Compass TypeLand
MLS TypeLand / Fee Simple
Lot Size0.13 AC
Taxes$343 / year
Condo/Co-op Fees-
HOA Fees-
CountyPhiladelphia County

Listing Agent

Contact Agent(s)

Property Details for 1511 West Allegheny Avenue

Municipality
PHILADELPHIA
Ownership
Fee Simple
County Name
PHILADELPHIA PA

Description

Opportunity Zone development! Real estate investments made by individuals through special funds in these new zones can defer or eliminate federal taxes on capital gains and avoid future tax penalties often associated with real estate investing. One hundred billion dollars in capital are expected to spur development in these zones. Over 1.8M SF are planned in this area alone, spurred by the Amtrak North Philadelphia redevelopment led by HFZ Capital of NYC. 1511 Allegheny is a conceptually approved... and proposed 20,390 SF 5-story apartment building with 16-units, 5 parking spaces, 6 bicycle spaces, elevator, common ground floor secure storage and common lobby. Four (4) units per floor with an excellent mixture of 1bd x 1ba units over 600 SF each and 2bd x 2ba units over 800 SF each with open concept floorplans. Lot size is 5653 SF: 53~ wide x 104~+ deep with ideal rectangular shape. Location: World-class employment access at Temple University Hospital with a 5500+ skilled workforce population in immediate vicinity; employees and students are currently waitlisted as tenants for new competitive multifamily developments in the area. Transit-oriented development: Septa Broad Street Subway line 2 blocks away at Allegheny station. Tax abatement: Property will qualify for Philadelphia~s 10 year tax abatement program upon completion, meaning the land will be taxed for 10 years rather than the improved value of the apartment building. RSA3 Zoning: neighborhood supports multifamily development but use variance must be obtained in order to build according to conceptual plans. Additional development sites available nearby in this Opportunity Zone; inquire within.

Location

Listing Agent

  1. Ryan McManus

    Listing Agent

    Compass

Building Information for 1511 West Allegheny Avenue

Lot Size0.13 AC

Payment Calculator

$2,187 per month

30 year fixed, 3.51% Interest

Principal and Interest

$2,158

Property Taxes

$29

HOA Dues

$0

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Property Information for 1511 West Allegheny Avenue

Listing / Compensation / Market Information
    Listing Information
  • Listing Agent MLS ID: 3197472
  • List Agent Full Name: Ryan J McManus (3197472)
  • List Agents: Ryan J McManus (3197472)
  • Listing Agent Full Name: Ryan J McManus
Interior / Building / Parking / Property Information
    Interior Details
  • Above Grade Finished Area Units: Square Feet
    Interior Features
  • Central Air: No
    Parking Information
  • Garage: No
    Location Information
  • Directions: 1511 W Allegheny Ave
  • MLS Area: 19132 (19132)
  • Sub System Locale: BRIGHT_MAIN
  • System Locale: BRIGHT
  • Tidal Water: No
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Waterfront: No
    School Information
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
    Building Information
  • Construction Completed: No
  • New Construction: No
  • Other Structures: Above Grade, Below Grade
    Green Information
  • Clean Green Assessed: No
    Association Information
  • HOA: No
    Property Information
  • Property Type: Land
  • Additional Parcels: No
  • Land Use Code: SR
  • Lot Size Dimensions: 53.00 x 104.00
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • Lot SQFT: 5653
  • Lot Size Acres: .13
  • Navigable Water: No
  • Zoning: RSA3
    Utilities Information
  • Sewer Septic: Public Sewer
  • Water Source: Public
Room Information
    Basement
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
Tax / Assessment / Sale Information
    Tax / Assessment Information
  • City Town Tax: $155
  • School Tax: $188
  • Tax Annual Amount: $343
  • Tax Lot: 42
  • Tax Year: 2019
  • Tax ID Number: 112001350
  • Year Assessed: 2019
  • Land Assessed Value: $24,500
  • Tax Assessed Value: $24,500
    Sale Information
  • Possession: Immediate
  • Prospects Excluded: No
  • Sale Type: Standard
  • Vacation Rental: No

Property History for 1511 West Allegheny Avenue

DateEvent & SourcePriceAppreciation
Sep 10, 2019Expired

BRIGHT #PAPH790264

$600,000
Jul 22, 2019Withdrawn

BRIGHT #PAPH790264

$600,000
Apr 24, 2019Listed (Active)

BRIGHT #PAPH790264

$600,000
DateEvent & SourcePrice
09/10/2019
Expired

BRIGHT #PAPH790264

$600,000
07/22/2019
Withdrawn

BRIGHT #PAPH790264

$600,000
04/24/2019
Listed (Active)

BRIGHT #PAPH790264

$600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1511 West Allegheny Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Kenderton SchoolPublicK-80.2 mi
NR
New Hope Christian AcademyPrivatePK-110.8 mi
NR
Dobbins Avt High SchoolPublic9-120.8 mi
1
St. Veronica Elementary SchoolPrivateK-80.9 mi
NR

Kenderton School

K-8, 0.2 mi, Public

NR

New Hope Christian Academy

PK-11, 0.8 mi, Private

NR

Dobbins Avt High School

9-12, 0.8 mi, Public

1

St. Veronica Elementary School

K-8, 0.9 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
The data relating to real estate for sale on this Virtual Office Website is provided in part, by BRIGHT through a licensing agreement. This website may reference real estate listing(s) held by a brokerage firm other than Compass. The information provided by this website is for the personal, non-commercial use of consumers with whom Compass has first established a broker-consumer relationship (as defined by applicable state law) and may not be used for any purpose other than to identify prospective properties such persons may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals. The data contained herein is copyrighted by BRIGHT and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. © 2019 BRIGHT MLS, All Rights Reserved. All rights reserved.