Listing Courtesy of Compass Pennsylvania, LLC
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Introducing 17 North, a shovel-ready Opportunity Zone development site in Philadelphia, PA. Investors/buyers can defer capital gains into the purchase of this property; take advantage of these lucrative tax benefits. One hundred billion dollars in capital are expected to spur development in these specially designated and highly coveted zones.This project is to be sold shovel-ready with all necessary permits, plans + approvals to build eight (8) new townhomes with garage parking in the booming Francisville north submarket of PHL. Each townhome features 3bd x 2.5ba with 2225 SF. Open concepts, mud rooms, skyline roodecks, private garage parking for each unit. Center drive aisle for easy vehicular access from 17th St. Projected outsales are 3.6M (450k/unit). Pro forma NOI = 245k. Pro forma cap rate = 6.8 per cent. Each unit should rent for 3000/mo. 10 year tax abatement applied for and deliverable to new owner. Architectural design by reputable local firm. Booming residential submarket sandwiched by North Broad (east), Francisville (south), TempleU (north) and Sharswood/Brewerytown (west).

Address: 1323-29 N 17TH ST
State: PA
City: Philadelphia
County: PHILADELPHIA
Zip Code: 19121
MLS#: PAPH787618
MLS Area: 19121 (19121)
Taxes: $160

Price History

Date Price Event Change MLS#:
4/16/2019 $1,250,000 List Price PAPH787618

Nearby Schools

Gesu School(Preschool-8)
Meade Gen George C School(K-8)
Alliance For Progress Cs(K-8)
Girard College(1-12)3
People For People Cs(K-8)
Gesu School(Preschool-8)
Meade Gen George C School(K-8)
Alliance For Progress Cs(K-8)
Girard College(1-12)3
People For People Cs(K-8)
St Joseph's Preparatory School(9-12)4
Philadelphia Academic School(12-12)
Yes Philly(9-12)
Youth Build Phila Cs(12-12)4
Girard College(1-12)3

Interior Details

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Exterior Details

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  • Pool:No
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  • Lot Description:
  • Lot Size:66 x 100.00
  • Sewer:Public Sewer

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0

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Property Information Last Updated: 2/28/2018 3:01:00 PM
Listing Courtesy of Compass Pennsylvania, LLC


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