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Philadelphia, PA, 19139
209 S 60th St --is a full gut renovation opportunity located in an Opportunity Zone with potential eligibility for Philadelphia’s 10-year tax abatement. Ideal for investors, contractors, or developers seeking a high-upside multifamily redevelopment project. Strong one-bedroom rental demand driven by the city’s ongoing shortage of affordable and workforce housing, with Section 8 and voucher-compatible rental potential supported by area demand. With recent citywide property tax reassessments impacting operating costs, the potential tax abatement may provide added long-term cost stability. Well-positioned for BRRRR, redevelopment, or long-term hold investment strategies with significant value-add upside through renovation and stabilization.
Listed by: Xiaohui Xie, BHHS Fox & Roach Wayne-Devon
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