1609 W NORRIS ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2452618
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $754
Tax Year 2024
Lot Size 1,170 Sqft
Acres 0.03
Lot Dimensions 18.00 x 65.00
Property Sub-Type Land
Property Description
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!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax ID 321017210
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard