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Philadelphia, PA, 19138
PRIME DEVELOPMENT OPPORTUNITY NEAR LA SALLE UNIVERSITY – APPROVED 18-UNIT PROJECT EXCEPTIONAL OPPORTUNITY TO DEVELOP AN 18-UNIT RESIDENTIAL BUILDING ON A NEARLY 6,000 SQ FT VACANT LOT IDEALLY LOCATED JUST STEPS FROM LA SALLE UNIVERSITY. PROPERTY WILL BE DELIVERED WITH APPROVED PLANS AND PERMITS AND IS FULL SHOVEL READY INCLUDING MEP, ALLOWING CONSTRUCTION TO BEGIN IMMEDIATELY. THE SITE IS STRATEGICALLY POSITIONED BY BEING WALKING DISTANCE TO THE UNIVERSITY MAIN CAMPUS AND LOCATED DIRECTLY BEHIND A SHOPPING CENTER AND NEAR PUBLIC TRANSPORTATION, PROVIDING CONVENIENT ACCESS TO DAILY AMENITIES AND MAKING IT HIGHLY ATTRACTIVE TO TENANTS. APPROVED UNIT MIX: 8 UNITS: 2 BEDROOMS / 2 BATHROOMS 10 UNITS: EXTREMELY LARGE 1 BEDROOM / 1 BATHROOM UNITS THE THOUGHTFULLY DESIGNED FLOOR PLANS MAXIMIZE EFFICIENCY AND RENTAL APPEAL. PROJECTED RENTAL INCOME IS APPROXIMATELY $30,000 PER MONTH, OFFERING STRONG CASH FLOW AND LONG-TERM INVESTMENT POTENTIAL. IDEAL FOR DEVELOPERS OR INVESTORS SEEKING A TURNKEY DEVELOPMENT PROJECT IN A HIGH-DEMAND UNIVERSITY-ADJACENT LOCATION. DRIVE BY THE PROPERTY AND MAKE YOUR OFFER TODAY.
Listed by: Gazi Ataseven, HomeSmart Realty Advisors
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