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Jump into your next development project which is truly shovel ready! -Incredible Investment Opportunity in a Thriving Locale! -Projected Gross Rent: $1,012,200 annually -64-unit property consisting of 1 & 2-bedroom apartments -Average 1 bed 575 sf and average 2 bed 1100 sf -40 Parking Spaces with No Low-Income Housing Requirement -Adaptive Reuse Project with Completed Foundation & Facade -Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
DAYS ON MARKET | 302 | LAST UPDATED | 2/26/2025 |
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YEAR BUILT | 1920 | COMMUNITY | 19140 (19140) |
COUNTY | PHILADELPHIA | STATUS | Active |
PROPERTY TYPE(S) | Commercial |
School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
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PRICE HISTORY | |
Prior to Feb 26, '25 | $2,900,000 |
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Feb 26, '25 - Today | $2,100,000 |
ADDITIONAL DETAILS | |
AIR | Central Air, Electric |
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AIR CONDITIONING | Yes |
APPLIANCES | Gas Water Heater |
AREA | 19140 (19140) |
HEAT | Central, Electric |
LOT | 0.9 acre(s) |
LOT DIMENSIONS | 151.00 x 237.00 |
PARKING | Private, Paved, Parking Lot |
WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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