Description
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.
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
Description
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.
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