The Philadelphia Housing Authority has more than one thousand properties that are currently vacant and they would like to sell most of them off. They intend to auction off the first 400 properties on Wednesday, November 16th, starting at 1PM, at the Philadelphia Housing Authority Grays Ferry Center, at 1800 South 32nd Street in Grays Ferry. The properties, which include vacant buildings and empty lots, will be auctioned off individually and in groups of up to 25. This is the first phase of the process in which most of the vacant properties will be sold off to raise money for renovation of occupied scattered site properties around the city.
The auction is being handled by Max Spann Real Estate and Auction Company. They have an extensive list of the properties and an interactive map on their website. Most of the properties are in North Philadelphia, north of Girard Avenue, and apparently a majority of those are west of Broad Street, an area that has seen less redevelopment than other areas of lower North Philadelphia. The auction will move many long vacant buildings and empty lots into productive use. Many of these properties are eyesores in rapidly developing neighborhoods. In fact, the announcement for the auction occurred on Cambridge Street, just off of 30th Street, which has five vacant PHA rowhomes, but has otherwise been redeveloped. This many properties being sold off in Strawberry Mansion and Kensington can have a profound effect on the development of these neighborhoods, jump starting long awaited redevelopment in blighted neighborhoods. However, the auction can continue the redevelopment occurring around Temple University, in Sharswood, Francisville, and Old Kensington.
You can check out the properties, and the interactive map, at www.maxspann.com and check out this article on the PHA website. This auction is perfect for investors and developers, as well as, community groups. If you need a real estate agent to help you out with the process, feel free to contact me at firstname.lastname@example.org and check out my Facebook realtor page, Gabriel G. Philly Realtor. You can, also, list your property on our Condo Shop website, at www.thecondoshops.com, and on our Condo Shop Facebook page, The Condo Shop. Readers of my blog are well aware of my knowledge of and interest in the neighborhoods, including neighborhoods beyond Center City and University City that are popular with developers and investors, and I can help you plan, market, and sell or rent your investment property.