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Property profile & analytics

4050 Ludlow St Philadelphia, PA 19104

  • Warehouses
  • 9,500 SF
  • 0.22 lot acres
OFF-MARKET
Last Sale
May 22, 2020
$3,500,000
Value Estimations
$2,915,000
Show details
Cap Rate Potential
3.3%
Warehouses
Location Intelligence
Property ID
US73-1436753
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Warehouses

Property Details for 4050 Ludlow St

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.22 lot acres
Property size
9,500 SF
Zone code
CMX4
Property type
Warehouses
APN
77-3-0130-00
APU
773013000

Description

This exceptional 9,503 square foot commercial land parcel, located at 4050 Ludlow St in Philadelphia, Pennsylvania (zip code 19104), presents a unique investment opportunity. Currently zoned CMX4, the property boasts pre-approved plans for the construction of a 97-unit residential building. This "shovel-ready" status significantly reduces development timelines and associated costs, making it an attractive proposition for experienced developers. Situated in the heart of University City, this location benefits from the proximity to major institutions including the University of Pennsylvania, Drexel University, and Children's Hospital of Philadelphia. The high demand for multi-family housing in this area, fueled by the continued expansion of these institutions and the School of Science, ensures strong potential rental income and a high return on investment. The asking price for this prime development site is $6,000,000. This represents a compelling opportunity to capitalize on the robust growth and increasing population density of University City. All necessary approvals are in place, allowing for immediate commencement of the project. The property's strategic location and the pre-approved plans make this a truly exceptional investment opportunity in a rapidly developing area of Philadelphia.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $2,940,000
    ML approach
    $2,835,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,218,000
    Market price range: $488k - $2.22M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.2039
Latitude
39.9564
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,592
$847,825
$3,052,175
$3,900,000
-
$847,825
$3,052,175
$3,900,000
More about this property
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