8000 Algon Ave, Philadelphia, PA 19152

Property Description

Calling All Investors! This is a cash only sale. Don’t miss this incredible opportunity in the highly desirable Rhawnhurst section of Northeast Philadelphia. This unique property is currently set up as a triplex (zoned RSA-3) and features 6 bedrooms, 4 bathrooms, and a detached garage, all situated on a generous 0.28-acre corner lot. The property offers tremendous upside potential. Possible subdivision opportunities may allow for the construction of two sets of twin homes and one single-family home. The seller has not initiated any zoning or subdivision process. Buyers are responsible for conducting their own due diligence with the City of Philadelphia L&I at their own expense. The seller did consult with an architect who prepared a very preliminary draft illustrating potential development possibilities. Alternatively, the existing home could be renovated and updated with today’s modern finishes to maximize value. Surrounded by new construction and positioned on a large corner parcel, this property presents a rare investment opportunity in a growing area. Property is being sold strictly as-is. The seller will make no repairs and will offer no credits or price reductions. Opportunities like this don’t come around often — schedule your showing today!