702 Oak Lane Ave - Apartments FOR SALE


Philadelphia, PA 19126- Oak Lane-East Oak Lane
$650,000 USD
215-921-8107
702 Oak Lane Ave, Philadelphia, PA for Sale
$650,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

702 Oak Lane Ave
Philadelphia, PA 19126
Oak Lane-East Oak Lane


OVERVIEW

702 Oak Lane Philadelphia Pa 19126. The 11,066 SF parcel encompasses two, distinct structures: Front Structure: 3-story, 4-unit apartment building totaling 4,892 SF, Renovated in 2015 Rear Structure: A mixed-use building with 2 apartments situated above 3 garage/storage units The CMX-2 zoning designation allows for flexibility, making this property ideal for a variety of approaches, including, but not limited to: Renovating Both Existing Structures: Restore and modernize the current buildings to maximize their rental or resale value. Partial Redevelopment and New Construction: Renovate the front structure while demolishing the rear structure to make way for a new multifamily development on the rear portion of the lot. Full Redevelopment: Demolish both structures and construct a new multifamily building that utilizes the entire lot to its full potential.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

702 Oak Lane Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CMX2

APN/PARCEL ID

881065090

ASK ABOUT THIS PROPERTY

Alicia MagillMosaic Brokerage Group CommercialMore Info
215-921-8107

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Alicia MagillMosaic Brokerage Group CommercialMore Info
215-921-8107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.