4050 Ludlow St | Philadelphia, PA 19104
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This Multifamily Property is no longer advertised on LoopNet.com.
4050 Ludlow St
Philadelphia, PA 19104
Development Site · Multifamily Property For Sale · 94 Units
INVESTMENT HIGHLIGHTS
- Buyer will receive a 10-year tax abatement on this shovel-ready redevelopment site with approved plans for a 7-story mid-rise apartment building.
- Opportunity to receive incredible price per square footage returns from highly in-demand one-bedroom and studio apartment unit layouts.
- Approved plans feature a 94-unit apartment complex with a common rooftop patio, fitness center, and an 18-space below-grade private parking garage.
- Located in the University City submarket with easy access to Penn Hospital, Penn University, Drexel University, and the Market-Frankford SEPTA Line.
PROPERTY FACTS
No. Units | 94 | Construction Status | Proposed |
Property Type | Multifamily | Building Size | 57,214 SF |
Property Subtype | Apartment | No. Stories | 7 |
Apartment Style | Mid Rise | Year Built | 2025 |
Building Class | B | Parking Ratio | 0.31/1,000 SF |
Lot Size | 0.22 AC |
No. Units | 94 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | B |
Lot Size | 0.22 AC |
Construction Status | Proposed |
Building Size | 57,214 SF |
No. Stories | 7 |
Year Built | 2025 |
Parking Ratio | 0.31/1,000 SF |
SITE AMENITIES
- 24 Hour Access
- Fitness Center
- Bicycle Storage
- Sundeck
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 42 | $1,535 | - |
1+1 | 52 | $1,700 | - |
LINKS
PROPERTY TAXES
Parcel Number | 773013000 | Improvements Assessment | $3,052,175 |
Land Assessment | $847,825 | Total Assessment | $3,900,000 |
PROPERTY TAXES
Parcel Number
773013000
Land Assessment
$847,825
Improvements Assessment
$3,052,175
Total Assessment
$3,900,000
ZONING
Zoning Code | CMX4 (Second highest available zoning classification in Philadelphia.) |
CMX4 (Second highest available zoning classification in Philadelphia.) |
Learn More About Investing in Apartment Buildings
Listing ID: 20782236
Date on Market: 8/28/2020
Last Updated:
Address: 4050 Ludlow St, Philadelphia, PA 19104
The Multifamily Property at 4050 Ludlow St, Philadelphia, PA 19104 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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