Permit-ready duplex development opportunity in the rapidly developing Grays Ferry neighborhood. This RM-1 zoned lot has been designed for an approximately 2,400-square-foot new-construction duplex featuring two spacious bi-level residences with contemporary floor plans suitable for condominium resale or rental investment. The sale includes architectural and structural plans, a geotechnical investigation, engineered foundation design, utility plans and applicable project approvals. The remaining permit is currently pending, and the seller intends to deliver the property with the permit issued prior to settlement, allowing the next owner to avoid much of the time, expense and uncertainty associated with designing and permitting a new development. The proposed completed project was appraised at $750,000, subject to the assumptions and conditions contained in the appraisal. Renderings, plans, appraisal and supporting due-diligence materials are available upon request. An excellent opportunity for a builder, developer or investor seeking a well-designed development project in 19146. Property is being sold as a vacant lot with plans and approvals; proposed improvements shown in renderings are not included. Buyer is responsible for independently verifying zoning, permits, dimensions, construction costs, tax-abatement eligibility and the transferability and continued validity of all plans and approvals. A construction proposal from an experienced local contractor may also be made available upon request, providing qualified purchasers with a potential path from acquisition through completion.

Listing courtesy of Tesla Realty Group, LLC



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.