1230-36 Wallace St, Philadelphia, PA 19123

HIGH YIELD DEVELOPMENT SITE IN WEST POPLAR INCOME-PRODUCING ASSET + TWO BUILDABLE LOTS Strategically located in one of Philadelphias fastest-transforming neighborhoods, this rare assemblage of 4 lots includes a fully renovated 5BR / 3BA income-producing asset plus two adjacent buildable lots with subdivision potential. The newly refreshed legacy home (2 lots) is 100% tenant-ready and positioned for immediate cash flow, while the flanking 2 parcels open the door for ground-up development, luxury townhomes, or multi-family construction. (Note: Sub-division and rendering efforts have already been initiated). Direct access to an open Land Bank parcel spanning the full length of the property provides even greater potential for long-term value ... especially given recently announced City housing incentives, grants, and more streamlined zoning determinations. Whether you're looking to develop or stabilize & hold, this property checks all the boxes for appreciation and significant ROI. Opportunities with this kind of flexibility and scale in West Poplar are disappearing fast. Serious investors ... this one pencils out, so run your pro forma and move quickly, as this truly unique parcel won't last long!

Property Features