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About This Home
This 0-bedroom, 0-bathroom other at 7119 WOODLAND Avenue in PHILADELPHIA, PA is listed for $275,000. Built in 1915, on a 0.05 acres lot.
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.
Key Features
- Built in 1915
- 0.05 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,471/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7119 WOODLAND Avenue
PHILADELPHIA, PA 19142
ELMWOOD PARK
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 7119 WOODLAND Avenue is listed at $275,000. The estimated monthly payment is $1,192 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.05 acre lot.
This property is listed by Sandra E Butler and can be reached at 2155520156 or sandyinthecityy@gmail.com.
