Haverford Ave, 19139- West Philly | RSA-5 Lot | 3-Unit Development Opportunity

West Philly | RSA-5 Lot | 3-Unit Development Opportunity
5110 Haverford Ave, Philadelphia, PA 19139

ATTENTION DEVELOPERS & INVESTORS!
Here's an affordable infill development opportunity in the Mill Creek section of West Philadelphia. This vacant RSA-5 lot previously received a zoning permit approval for a 3-unit development (2023, now expired), offering investors the chance to pursue a similar approval or explore redevelopment options. Located in a growing neighborhood with strong comparable sales, this property presents an excellent entry point for builders and developers.
 

🏗 Property Breakdown:

• 5110 Haverford Ave
• Vacant lot
• Lot Size: 1,128 SF (16' × 78')
• RSA-5 Zoning
• Previously approved zoning permit for 3 units (2023 – expired)
• No plans included
• Annual Taxes: $361

📍 Zoning:

• RSA-5 Residential Zoning
• Previous zoning approval for a 3-unit project (expired)
• Buyer responsible for zoning verification

💡 Potential Exit Strategies:

1. Develop a Triplex

• Reapply for zoning approval
• Build a 3-unit residential property
• Capitalize on strong resale demand in the area

2. Buy & Hold

• Develop and retain as a long-term rental property
• Generate multiple rental income streams

3. Build & Sell

• Construct a new triplex and sell at market value
• Strong nearby comparable supports resale potential

4. Land Investment

• Hold for future appreciation in an improving neighborhood
• Benefit from continued development throughout the area

🔥 Why This Property:

• Affordable entry price
• Mill Creek redevelopment area
• Previously approved for 3 units
• Strong comparable sale nearby
• Low annual taxes
• Excellent opportunity for builders and developers
• ARV Comparable:
• 5341 Chestnut St, Philadelphia, PA 19139 – Sold for $508,000 (Triplex)

📞☎️ Call or text our team at: 215-395-6211

 

Buyer is responsible for all certifications, including U&O and zoning verification. This is an assignment of contract.
Please review all photos and videos before scheduling a showing.