4050 Ludlow St, Philadelphia, PA, 19104

4050 Ludlow St, Philadelphia, PA, 19104 < >
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for sale
$6,600,000
Square Feet:9500
Lot Size:0.22 Acres
Year Built:1970
Status:Active
MLS #:PAPH917366
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
4050 Ludlow is a SHOVEL READY development site with BUILDING PERMITS and MEP's in place for a 7 story mid-rise apartment building. The design calls for below grade parking with 18 spaces, and 95 residential units in the above floors. The residential units will be one bedroom and studios making the lease up exceptionally easy as these are the unit types across Philadelphia in the highest demand. The layouts also create incredible value as these units consistently garner the highest price per/sf in the city and this sub market. This project is in the very core of the University City sub-market in Philadelphia, an extension of Center City that is seeing incredible growth and demand. There are high barriers to entry in the sub market with development sites quickly drying up. Preliminary drawings will be included with the sale of the property. We believe this is an incredible opportunity to acquire a property with the approved zoning permit in hand in the heart of one of the most exciting sub markets in the North East Corridor.
Interior Details
Building Total SQFT: 9500.00

Exterior Details
Lot Size Acres: 0.22Lot Size Dimensions: 125.00 x 68.00
Lot SQFT: 9503.00

Community Information
County: PHILADELPHIACross Street: Chestnut
Subdivision Name: UNIVERSITY CITYZoning: CMX4

Property Information From MLS Data
Accessibility Features: OtherBusiness Type: Warehouse
DOM: 88MLS Area: 19104 (19104)
New Construction YN: NProperty Sub Type: Land for Commercial Use
Year Built: 1970

Utilities
Cooling Type: OtherHeating Type: Other
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
Co List Agent Full Name: Sean Doyle
List Agent Full Name: Stephen D Stafford
List Office Name: Keller Williams Philly

Walk Score® for 4050 Ludlow St
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Monthly Payment for 4050 Ludlow St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,600,000
Down Payment:
Loan Amount:$5,280,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Stephen D Stafford, Keller Williams Philly

Information obtained from Bright MLS is current as of 4/14/2021 12:38 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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