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Map
$400,000
●
Multifamily -
For Sale
4434 LUDLOW ST
PHILADELPHIA, PA 19104
Studio
0 Bath
$1,965
Estimated Monthly
$0
HOA / Fees
About This Property
Welcome to an exceptional development opportunity in the heart of
West Philadelphia's Spruce Hill neighborhood, where 4434 Ludlow
Street is awaiting transformation into a modern masterpiece.
Developers take note of this unique chance to purchase this
property, 2 blocks from the Market-Frankford rail station as a
location that paves the way for your vision. Situated at 4434
Ludlow Street, this is perfectly positioned within walking distance
of the dynamic University City, ensuring a constant influx of
potential tenants from the nearby universities. The lot comes with
favorable RM-1 zoning, making it an ideal investment for developers
seeking to capitalize on the high demand for housing in this
coveted area. CAN BE PURCHASED with the adjoining property at 4432
Ludlow! There is already a fitness center on the block, two grocery
stores with organic produce within blocks, and more amenities being
added to the immediate area on an ongoing basis. This property
promises substantial long-term returns, thanks to the
ever-increasing property values in the highly desirable Spruce Hill
neighborhood. As you embark on this exciting project, consider
exploring nearby new construction for inspiration, ensuring your
vision aligns perfectly with the aspirations of this thriving
community. Spruce Hill and University City offer a unique blend of
urban convenience and community charm: The property is within
walking distance of prestigious institutions such as the University
of Pennsylvania and Drexel University, guaranteeing a constant pool
of potential renters. Explore a diverse array of restaurants,
cafes, and cultural hotspots. From global cuisine to independent
theaters and music venues, there's always something to enjoy. The
46th and Market transit station provides convenient public
transportation to Center City and beyond, as well as multiple
nearby bus lines. This is an unrivaled opportunity for developers
looking to leave their mark on this vibrant community and seize a
prime slice of West Philadelphia's real estate market. Don't miss
your chance to be part of the growth and excitement of Spruce Hill
and University City. Contact us today to schedule a viewing and
start turning your development dreams into reality!
Unit Size
-
Days on Market
194 days
Land Size
0.03 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$406
HOA Dues
-
Year Built
1925
Listed By
Last updated: 4 months ago (Bright MLS #PAPH2292190)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 27, 2023 | Listed by Compass RE | $400,000 | |
Listed by Compass RE |
Property Highlights
Parking Details
Parking Features: On Street
Interior Details
Interior Information
Living Area Square Feet Source: Assessor
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Twin/Semi-Detached
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 14.00 x 81.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $348,300
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $2,200
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $348,300
Tax Year: 2022
Tax Annual Amount: $4,875
Year Assessed: 2023
Utilities Details
Cooling Type: None
Heating Type: Other
Cooling Fuel: None
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
Stu
-
3,924 ft²
$100/ft²
$394,000
May 31, 2023
$394,000
Sep 29, 2023
-
House
4
Beds
4
Baths
1,731 ft²
$220/ft²
$380,000
Aug 14, 2020
$380,000
Oct 1, 2020
-
House
2
Beds
2
Baths
1,145 ft²
$341/ft²
$389,900
Apr 17, 2017
$389,900
Aug 4, 2017
$309/mo
Sold
Townhouse
3
Beds
2
Baths
1,365 ft²
$282/ft²
$385,000
Aug 25, 2023
$385,000
Nov 15, 2023
-
Sold
Townhouse
4
Beds
4
Baths
1,650 ft²
$230/ft²
$380,000
Mar 15, 2021
$380,000
Apr 29, 2021
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/14/2019
|
|
3 Bed
|
2 Bath
|
1336 ft²
|
$349,000
3 Bed
2 Bath
1336 ft²
|
-
-
|
-
|
-
|
Building Info
4434 Ludlow Street
4434 Ludlow Street, Philadelphia, PA 19104
- 1 Unit for Sale