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209 S 60th St is located in an Opportunity Zone with potential eligibility for Philadelphia’s 10-year tax abatement due to full gut renovation. Ideal for investors or contractors to create a high-performing multifamily asset. With recent citywide property tax reassessments impacting operating costs, the potential tax abatement offers added cost stability. Projected rental potential of approximately $6,000/month ($72,000 annually), based on market comparables. Strong one-bedroom rental demand driven by the city’s ongoing shortage of affordable and workforce housing. Value-add potential and reduced tax exposure position this property for attractive long-term returns.
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