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 Philadelphia’s 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. Don’t miss this lucrative opportunity!
The income description goes here to explain
List Price | $599,000 |
Property Type | Other |
Usable Sqft | 1,936 |
Number of Stories | 0 stories |
Parking Spots | 2 spots |
Year Built | 2003 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 471127510 |
MLS # | PAPH2436302 |
Property ID | 321201629 |
Lot Sqft | 3,958 |
Zoning | RM1 |
Total Units | 1 |
Days on Market | 71 |
Original List Price | Unknown |
Date Updated | February 16, 2025 |
Date Created | January 20, 2025 |
Financials not available online. Please inquire with your agent for more details.
Xiaohui Xie an agent of . Lic #RS338386
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