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514-18 W BERKS Street

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Philadelphia, PA 19122

MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in the West Kensington neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among several multi-family and mixed-use developments, and in close proximity to Temple University. The Property is located in a Qualified Opportunity Zone (QOZ), which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid, until 2026. More information is located on page 5 of the OM. The properties are situated in a Mixed Income Overlay District, which provides for affordable housing requirements. A link to the ordinance is provided in the OM.

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514-18 W BERKS Street

$365,000

  • MLS# : PAPH2559004
  • Built in 0

Nearby schools

  • The School District Of Philadelphia

    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

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    Contact

    Nadia T Bilynsky

    Email agent

    FPO

    Mallin Panchelli Nadel Realty, Inc.

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