Description
Total of 12,867sf of land in West Philadelphia zone CA-1 / RSA5. Proposed use to Build 34 Apartment Units, no plans or permits in hand. All due diligence the responsibility of the purchaser. The prior building was damaged in a building fire and the existing structure was demolished. Assumptions -34 800sf Apartments @ $1,100 per month rents -Sub 20% Expense Ration with Philadelphia Tax Abatement -Projected NOI: $370,000 -Stabilized Value: $5,300,000 @ 7% Cap Rate
Location
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Courtesy of: Keller Williams Philly Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 22nd May, 2022 8:53 PM (UTC)
