7119 WOODLAND AVE Philadelphia, PA 19142
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,175 sqft
Price per Sqft $126
Subdivision Elmwood Park
MLS Listing ID PAPH2558804
Style Transitional
Abv Grd Liv Area 2,175
Year Built 1915
Annual Tax Amount $1,639
Tax Year 2025
Lot Size 2,254 Sqft
Lot Dimensions Frontage: 16.00 Depth: 141.00 SQFT: 2,254 Acres: 0.0517
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning IRMX
Rooms
Basement Full
Interior
Hot Water Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2175
Sewer Public Sewer
Water Public
Architectural Style Transitional
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Joseph W. Catharine
Middle Schools William T. Tilden
High Schools John Bartram
School District The School District Of Philadelphia
Others
Tax ID 871561940
Ownership Fee Simple
SqFt Source 2175
Acceptable Financing Cash, Conventional, FHA, Private, VA, FHA 203(b), FHA 203(k)
Listing Terms Cash, Conventional, FHA, Private, VA, FHA 203(b), FHA 203(k)
Financing Cash,Conventional,FHA,Private,VA,FHA 203(b),FHA 203(k)
Special Listing Condition Standard
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