Philadelphia, PA 19122 514-18 W Berks Street

MPN Realty, Inc. is pleased to present the exclusive sale of 514-18 Berks Street, a development opportunity in the West Kensington neighborhood of Philadelphia. The seller has obtained zoning approval for a 4-story building with twelve residential units. The site is very well-located along the Berks Street commercial corridor, among several multi-family and mixed-use developments, and in close proximity to Temple University. The Property is located in a Qualified Opportunity Zone (QOZ), which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid, until 2026. More information is located on page 5 of the OM. The properties are situated in a Mixed Income Overlay District, which provides for affordable housing requirements. A link to the ordinance is provided in the OM.