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Updated about 5 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Michael Galvis
  • New to Real Estate
  • Philadelphia, PA
2
Votes |
21
Posts

New construction in Philly!

Michael Galvis
  • New to Real Estate
  • Philadelphia, PA
Posted

For anyone that has done new construction deals in Philly I have a question. I have a potential property that I’m trying to put under contract but it’s a strange one. First of all it’s two properties that has been converted to one that also has two separate deeds. I was thinking since there’s a lot of new construction in the area, to try to market it as potential tear down and rebuild as a new construction for the new properties. But the problem is they’re rowhomes and one of the sides is connected to a neighboring house. My question is does anyone think that it’s wise to try to market it that way or if it would be smart for an investor to take on? Would appreciate anyone’s input on this!

Most Popular Reply

User Stats

254
Posts
289
Votes
Kevin M.
  • Property Manager
  • Philadelphia, PA
289
Votes |
254
Posts
Kevin M.
  • Property Manager
  • Philadelphia, PA
Replied

@Michael Galvis I'm slightly confused by your description. Is it a condo? Two units on one parcel? This sounds like a question for a local real estate attorney. He/she can look up title details and figure out the current allowed use and what would be required to get the zoning approval you ultimately want. 

  • Kevin M.
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Otter Property Management
4.8 stars
252 Reviews

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