1609 West Norris Street

Philadelphia PA 19121

1170 sq. ft.

Land

Currently for sale - view listing

Overview

Priced to sell! Permits & architect plans are available! Inquire for more info. An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours. The plans are designed for a 3-unit, 11-bed/11-bath building with a rooftop. Setups: Unit 1 - 4 bed/4 bath - $725-750/room, $2900-3000/mo total (1433 Norris A & 2044-26 Carlisle St A comps) Unit 2 - 2 bed/2 bath - $800-850/room, $1600-1700/mo total (2044-46 Carlisle St #B comps) Unit 3 - 5 bed/5 bath - $750/room, $3750/mo (one of the only 5 bed/5 bath in the area which would easily bring rent in the $750/room range) This property's income using conservative numbers will be almost $100k/year. 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. Inquire about more info!

Features

1170 sq. ft. lot size

Land

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