4050 Ludlow Street

Philadelphia, PA
$ 6,500,000 Beds 0 Baths 0 Sq 9,500 Virtual Tour
Monthly Estimate* How much can I afford?

4050 Ludlow is a planned development site with zoning permits in place for a 7 story mid-rise apartment building. The design calls for first floor commercial, below grade parking with 36 spaces, and 96 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.

Pending

  • Price
  • $ 6,500,000
  • Lot Size
  • 9,583 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 9,500
  • Full Bathrooms
  • 0
  • Year Built
  • 1970
  • Half Bathrooms
  • 0
  • City, Zip
  • Philadelphia
  • Taxes
  • 6156
  • County
  • PHILADELPHIA
  • Style
  • Warehouse
  • Area
  • 19104
  • MLS#
  • PAPH917366
  • Zip
  • 19104
Listing Provided by: Keller Williams Philly

Features

General

Acceptable Financing Cash, Conventional, Other
Accessibility Other
Business Type Warehouse
Construction Materials Masonry
Cool Fuel Other
Cooling Other
County PHILADELPHIA
Heating Other
Historic Y/N No
MLS Area 19104 (19104)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 684.21
Property SubType Land for Commercial Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer Public Sewer
Subdivision Name UNIVERSITY CITY
Tax Annual Amount 6156.0
Tax Lot 148
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX4

Interior Features

Central Air Y/N No
Heating Fuel Other
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 9500.00
Inclusions Zoning Permit for 96 residential units and 36 parking spaces.
Lot Dimensions 125.00 x 68.00
Lot Size Acres 0.22
Lot Size Source Assessor
Lot Size Square Feet 9503.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Ashburn, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/21/2020 Listed $6,500,000

Property vs Zip Code Average in 19104

Price
AVG $400K
$6.5M
Taxes
AVG $2,262
$6,156
Visits
AVG 33
93
Year Built
AVG 1943
1970
Walkscore
AVG 86
97
Data Provided by Walkscore ® not using MLS data

Map

4050 Ludlow Street Philadelphia, PA is a Single Family Home for sale at $6500000 with 9500 sqft and a lot size of 9,583 SqFt Acre(s). 4050 Ludlow Street Philadelphia has 0 bedrooms, 0 baths and was built in 1970. The property's zip code is 19104 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.