
Description
Plan Approved! $250K+ Projected Income Per Year!This prime RM1-zoned corner property, spanning a rare 0.09-acre lot (42 ft x 94 ft), comes with zoning approval and plans for a 4-story building featuring approximately 4,000 sq. ft. per floor, 36 suites, and 2-car garage parking. With potential annual rental income exceeding $250,000+ and a post-completion value estimated at over $2.5M based on surrounding comps, this is a standout investment opportunity. Suites are projected to rent for $650"$750 per month, making this property ideal for student housing or traditional rentals in one of Philadelphias fastest-growing areas. Surrounded by exciting new developments, this property offers a rare chance to capitalize on the booming Temple University market. Zoning permits and building plans are ready, and while the property is currently tenant-occupied, the tenant will be vacated before settlement. Dont miss this lucrative opportunity!
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0BEDS
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0.09ACRES
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0BATHS
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01/2 BATHS
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1,936SQFT
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$309$/SQFT
Description
Plan Approved! $250K+ Projected Income Per Year!This prime RM1-zoned corner property, spanning a rare 0.09-acre lot (42 ft x 94 ft), comes with zoning approval and plans for a 4-story building featuring approximately 4,000 sq. ft. per floor, 36 suites, and 2-car garage parking. With potential annual rental income exceeding $250,000+ and a post-completion value estimated at over $2.5M based on surrounding comps, this is a standout investment opportunity. Suites are projected to rent for $650"$750 per month, making this property ideal for student housing or traditional rentals in one of Philadelphias fastest-growing areas. Surrounded by exciting new developments, this property offers a rare chance to capitalize on the booming Temple University market. Zoning permits and building plans are ready, and while the property is currently tenant-occupied, the tenant will be vacated before settlement. Dont miss this lucrative opportunity!
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