Philadelphia, PA 19121,1206 N TAYLOR ST

$130,000

Est. payment /mo

$132,500

1.9%
Est.Price: ?

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1206 N TAYLOR ST Philadelphia, PA 19121

773 Sqft Lot

SOLD DATE : 02/11/2019

Key Details

Sold Price $130,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision Sharswood

MLS Listing ID 1008355448

Annual Tax Amount $38

Tax Year 2018

Lot Size 773 Sqft

Property Description

Located in the coveted new "Opportunity Zone." Investments made by individuals through special funds in these new zones would be allowed to defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. Shovel-ready in on the edge of Brewerytown in Sharswood! Buy 1206 Taylor today and build tomorrow. This 2,250 SF project sites directly behind historic Girard College and is completely shovel-ready with all plans and permits delivered at settlement. Located in the burgeoning Sharswood district of Philadelphia on the edge of Brewerytown, 1206 Taylor is a fully-approved duplex building that can be sold as 2 spacious designer condos in the 350K range or leased as 2 new construction apartments in the 2100/month range once built. Unit 1 = 3bd/2ba w/ 1,000 SF and yard. Unit 2 = 3bd/2ba w/ 1,000 SF and skyline roofdeck. As a stabilized rental investment property, 1206 Taylor yields a pro forma 6.6-cap. Over half a billion dollars in planned investment and thousands of new residential units are slated for the Sharswood district over the next decade. The Philadelphia Housing Authority (PHA) has already spearheaded growth here by anchoring the area with their new forty-five-million-dollar mixeduse headquarters building located just a few blocks east of 2133 Master. With booming Brewerytown due immediately west of 1206 Taylor, fast-paced Francisville due south, and the inevitable transformation of the Sharswood district due east, 1206 Taylor is totally insulated by rapid real estate transformation, poised for strong rental demand, long-term growth and future appreciation. Investment pro forma and building plans available upon request.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Rooms

Other Rooms Primary Bedroom

Exterior

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • BHHS Fox & Roach-Center City Walnut
Bought with Ryan J McManus • BHHS Fox & Roach-Center City Walnut

Jason Gareau

Broker

+1(609) 929-4486

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