401 Woodbrook Lane
Philadelphia, PA 19119

**Prime Investment Opportunity in Philadelphia** 401 Woodbrook Lane offers a unique and lucrative investment opportunity for real estate developers, investors and homeowners. This expansive 1.62-acre property, located in the desirable East Mount Airy neighborhood and at the border of Chestnut Hill, includes a historic 1925 Colonial-style mansion with 6 bedrooms and 6 bathrooms, encompassing 5,340 square feet of living space. **Development Potential:** - **Lot Size:** The substantial 1.62-acre lot provides ample space for the development of 2-4 new condominiums while preserving the main mansion. This flexibility allows for creative design and planning, catering to both luxury residential buyers and the growing demand for high-quality condos. - **Location:** Situated in a prime Philadelphia neighborhood, the property benefits from proximity to top-rated schools, parks, and transportation hubs, making it an attractive location for potential buyers and tenants. - **Existing Structure:** The main mansion offers historical charm and architectural elegance, which can be a significant selling point. The mansion can be a high-end residential use or convert it into multiple luxury units, maximizing the property's value. **Key Features:** - **Garage and Parking:** The property includes a detached two-car garage and additional parking spaces for up to 7 vehicles, addressing a common urban constraint and adding value to any new development. - **Amenities:** The in-ground pool house can be restored and enhancing the appeal of the new condos to prospective buyers. - **Utilities and Infrastructure:** The property is equipped with central air, hot water heat, and natural gas, and heated floors, ensuring modern comforts and convenience. **Financial Highlights:** - **Property Taxes:** Annual property taxes are approximately $15,060, a manageable expense considering the development potential and high return on investment. - **Market Appeal:** With the historical charm of the mansion and the potential for new, modern condos, the property can attract a diverse range of buyers, from history enthusiasts to young professionals seeking luxury urban living. Investors and developers looking to capitalize on the thriving Philadelphia real estate market should consider 401 Woodbrook Lane as a prime candidate for a profitable and prestigious project. For further details and to schedule a site visit, please contact the listing agent Taiye David Adebiyi.