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1609 W Norris Street

PHILADELPHIA, PA 19121
  • $265,000
  • STATUS: Active
  • ON SITE: 294 Days
  • ID#: PAPH2282402
UPDATED: 80 min ago
$265,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups - Unit 1 - 4 bed/4 bath - $750/room, $3000/mo totalUnit 2 - 2 bed/2 bath - $800-900/room, $1850/mo totalUnit 3 - 5 bed/5 bath - $700/room, $3500/moThese are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-18T20:52:16.753.
www.locomusings.com/homes/143767051
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1609 W Norris Street PHILADELPHIA, PA 19121

  • Price: $265,000
  • Status: Active
  • On Site: 294 Days
  • Updated: 80 min ago
  • ID#: PAPH2282402
0
Beds
0
Baths
0
½ Baths
0.03
Acres
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups - Unit 1 - 4 bed/4 bath - $750/room, $3000/mo totalUnit 2 - 2 bed/2 bath - $800-900/room, $1850/mo totalUnit 3 - 5 bed/5 bath - $700/room, $3500/moThese are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.
Exterior Features

Garage YN No Water Access YN No Water View YN No Waterfront YN No

Property Features

Acceptable Financing CashAssumptionConventional Association YN No Central Air YN No Construction Completed YN No Current Use Vacant Municipality PHILADELPHIA Navigable Water YN N Original MLSNumber 802638235992 Ownership Interest Fee Simple Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 754.00 Tax Lot 374 Vacation Rental YN No Water Source Public Zoning RM1

Listing courtesy of RE/MAX Plus: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-18T20:52:16.753.
 
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