CHARIS REALTY GROUP

Transitional

7119 WOODLAND AVENUE

PHILADELPHIA, PA 19142

MLS#: PAPH2558804

$275,000

Status: Active
Listing number: PAPH2558804
Listing provided by: Realty Mark Cityscape
Listing agent phone: None
Last update: 3 days ago
On site: 5 months ago
Browse Properties
ELMWOOD PARK - Residential Income

Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

2,175

7119 Woodland Ave | Southwest Philadelphia | IRMX Zoning | Triplex Rare opportunity to acquire an income-producing triplex situated on a 2,254 sq ft lot with 2,175 sq ft of building area, zoned IRMX , one of Philadelphia's most flexible and sought after industrial mixed-use designations. The property currently operates as a 3-unit residential building with two occupied units generating immediate cash flow. The 2nd and 3rd floor units are in great condition with quality, paying tenants in place. The 1st floor unit is vacant and needs only light renovation. A straightforward value-add opportunity to bring the property to full occupancy. What makes this property truly stand out is the IRMX zoning. By right, IRMX allows multi-family residential, artist studios, artisan industrial, office, warehouse, restaurant, and a wide range of commercial uses, with no required rear yard setback, up to 75% lot coverage, and a maximum building height of 60 feet. An investor or developer can build out the existing footprint, add a rear structure to the property line, or pursue a mixed-use redevelopment all without needing a variance. Income today. Upside tomorrow. Don't miss this one.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2175.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Transitional

Price

  • Sales Price

    $275,000

  • Tax Amount

    $1,639

  • Sq. Footage

    2, 175

  • Price/SqFt

    $126

HOA

  • Association

    No

School District

  • Elementary School

    JOSEPH W. CATHARINE

  • Middle School

    WILLIAM T. TILDEN

  • High School

    JOHN BARTRAM

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

  • Tax Lot

    60

  • Water Source

    Public

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Location

County

PHILADELPHIA

Elementary School

JOSEPH W. CATHARINE

Middle School

WILLIAM T. TILDEN

High School

JOHN BARTRAM

Listing Courtesy of Sandra E Butler , Realty Mark Cityscape

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Agent Mary Beth Diehl

AGENT

Mary Beth Diehl

Call Mary Beth today to schedule a private showing.

(814) 329-8317

marybeth@charisrealty.com


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7119 Woodland Ave | Southwest Philadelphia | IRMX Zoning | Triplex Rare opportunity to acquire an income-producing triplex situated on a 2,254 sq ft lot with 2,175 sq ft of building area, zoned IRMX , one of Philadelphia's most flexible and sought after industrial mixed-use designations. The property currently operates as a 3-unit residential building with two occupied units generating immediate cash flow. The 2nd and 3rd floor units are in great condition with quality, paying tenants in place. The 1st floor unit is vacant and needs only light renovation. A straightforward value-add opportunity to bring the property to full occupancy. What makes this property truly stand out is the IRMX zoning. By right, IRMX allows multi-family residential, artist studios, artisan industrial, office, warehouse, restaurant, and a wide range of commercial uses, with no required rear yard setback, up to 75% lot coverage, and a maximum building height of 60 feet. An investor or developer can build out the existing footprint, add a rear structure to the property line, or pursue a mixed-use redevelopment all without needing a variance. Income today. Upside tomorrow. Don't miss this one.

7119 WOODLAND AVENUE

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