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$ 399,000
Est. payment /mo
New
5805-11 E WISTER ST Philadelphia, PA 19138
6,000 Sqft Lot
UPDATED:
12/16/2024 06:31 PM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision West Oak Lane
MLS Listing ID PAPH2428462
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $126
Tax Year 2015
Lot Size 6,000 Sqft
Acres 0.14
Property Description
Prime Development Opportunity Near La Salle University – 18 Units with Approved Plans and Permits
This is an exceptional chance to develop an 18-unit residential property on a nearly 6,000 sq. ft. vacant lot, ideally located just steps from La Salle University. The land will be delivered with approved plans and permits, ready for immediate development of your dream project.
Key Features:
Location: Directly behind a shopping center and close to public transportation, ensuring easy access to amenities and enhancing the appeal for potential tenants.
Land Size: Nearly 6,000 sq. ft.
Approved Plans: 18 units with all permits in place to start construction immediately.
Unit Breakdown:
8 units – 2 Bedrooms, 2 Bathrooms
10 units – Large 1 Bedroom, 1 Bathroom
Projected Rental Income:
Estimated monthly rental income of $30,000, offering a strong return on investment.
This property has been carefully designed to maximize rental income and offer desirable living spaces for future tenants. Whether you're an experienced developer or an investor looking to secure a prime asset in a growing area, this is an opportunity you won't want to miss.
Drive by the property today and make your offer!
10 UNITS ARE EXTREMELY LARGE 1 BED &1 BATH.
YOUR PROJECTED RENTAL INCOME WOULD BE AROUND 30,000$ MONTHLY.
DRIVE BY AND MAKE AN OFFER
This is an exceptional chance to develop an 18-unit residential property on a nearly 6,000 sq. ft. vacant lot, ideally located just steps from La Salle University. The land will be delivered with approved plans and permits, ready for immediate development of your dream project.
Key Features:
Location: Directly behind a shopping center and close to public transportation, ensuring easy access to amenities and enhancing the appeal for potential tenants.
Land Size: Nearly 6,000 sq. ft.
Approved Plans: 18 units with all permits in place to start construction immediately.
Unit Breakdown:
8 units – 2 Bedrooms, 2 Bathrooms
10 units – Large 1 Bedroom, 1 Bathroom
Projected Rental Income:
Estimated monthly rental income of $30,000, offering a strong return on investment.
This property has been carefully designed to maximize rental income and offer desirable living spaces for future tenants. Whether you're an experienced developer or an investor looking to secure a prime asset in a growing area, this is an opportunity you won't want to miss.
Drive by the property today and make your offer!
10 UNITS ARE EXTREMELY LARGE 1 BED &1 BATH.
YOUR PROJECTED RENTAL INCOME WOULD BE AROUND 30,000$ MONTHLY.
DRIVE BY AND MAKE AN OFFER
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning LOTS
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 172529400
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Gazi Ataseven • HomeSmart Realty Advisors