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3428 N 18th St
Philadelphia, PA 19140
Land For Sale
·
0.46 AC
INVESTMENT HIGHLIGHTS
- ZONING APPROVED
- HIGH-DEMAND AREA
- PARKING = ULTIMATE URBAN LUXURY
- BOUTIQUE MULTIFAMILY DEVELOPMENT
- TOP-10 USA MSA
- ECONOMICAL PROPOSED BUILD
EXECUTIVE SUMMARY
43-unit multifamily development site in Philadelphia, Pennsylvania — a Top-10 USA MSA. The proposed apartment building features 12 studios, 24 1-bed, and 7 2-bed apartments. Additionally, building features include a co-working lounge, bike storage, rooftop terrace, large lobby, elevator and parking lot (18 spaces). The structure will encompass 4-storeys with 35,761 SF on the substantial 19,881 SF parcel. Located near Temple University Health Sciences Center (strong employment base of highly-skilled, educated workers) in an area starved for multifamily housing. 10-year tax abatement eligible. Enquire within for PPP (plans, pro forma, permits). Short-term income is in-place via storage on-site.
Approx. $65K in annual income in-place via storage units ensures short-term cash flow while planning for future development.
Approx. $65K in annual income in-place via storage units ensures short-term cash flow while planning for future development.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,500,614 CAD | Lot Size | 0.46 AC |
| Price Per AC | $3,287,900.09 CAD |
| Price | $1,500,614 CAD |
| Price Per AC | $3,287,900.09 CAD |
| Lot Size | 0.46 AC |
PROPERTY TAXES
| Parcel Number | 112255500 | Improvements Assessment | $0 CAD |
| Land Assessment | $58,096 CAD | Total Assessment | $58,096 CAD |
PROPERTY TAXES
Parcel Number
112255500
Land Assessment
$58,096 CAD
Improvements Assessment
$0 CAD
Total Assessment
$58,096 CAD
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