Property
Beds
13
Full Baths
None
1/2 Baths
None
Year Built
2003
Sq.Footage
1,936
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!
Features & Amenities
Interior
-
Total Bedrooms
13
Area & Lot
-
Lot Size(acres)
0.09
-
Property Type
Residential Income
-
Architectural Style
Colonial
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Parking
Garage, Attached
Financial
-
Sales Price
$599,000
-
Tax Amount
3764.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Xiaohui Xie , BHHS Fox & Roach Wayne-Devon
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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