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1717 Mount Vernon St
For Sale $1,650,000
$1,650,000
- 9 Units
- Unknown Sq Ft
- 4,256 Sq Ft
- Unknown Cap Rate
Description
Prime Development Opportunity in the Fairmount Section of Center City Philadelphia! Shovel ready with permits! The 19130 zip code is one of the hottest in the nation, offering incredible potential for savvy developers. This project is fully approved and provides the opportunity to build 9 luxury condominiums or 9 high-end apartments, making it an excellent investment with significant ROI potential. All of the hard work is done, the owner spent many months and lots of capital getting this project approved and ready to be developed!! Resale condominiums in the area command prices of $600 per square foot!The property includes an existing building and a spacious vacant lot, perfect for maximizing your development vision. Additionally, you can take advantage of Bonus Depreciation to optimize your financial returns. Fairmount is celebrated for its vibrant cultural scene, historic charm, and proximity to some of Philadelphia's most iconic landmarks, including the Philadelphia Museum of Art, Fairmount Park, and the Schuylkill River Trail. Residents enjoy a highly desirable urban lifestyle, with easy access to local cafes, fine dining, boutique shopping, and convenient public transportation. Don’t miss this incredible opportunity to bring your vision to life in this thriving, centrally located community. Taxes and Square footage is the responsibility of the buyer to have verified independently.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,650,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 152060400 |
| MLS # | PAPH2439812 |
| Property ID | 321227417 |
| Lot Sqft | 4,256 |
| Zoning | RM1 |
| Total Units | 9 |
| Days on Market | 71 |
| Original List Price | Unknown |
| Date Updated | April 07, 2025 |
| Date Created | January 28, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jim Onesti an agent of . Lic #RS224457L
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Data last updated: April 09, 2025.
Robert Crawford
REAL ESTATE AGENT