1950 E Logan St,PHILADELPHIA, PA 19141
PHILADELPHIA, PA 19141
Description
Are you a developer looking for your next large project? look no more!Zoning approved project in the Germantown section of Philadelphia.Zoning permit in hand, approved for multi-family with:111 Dwelling units.42 Parking spaces , 4 Accessible spaces (including 1 van), 3 Electric van spaces, 45 1A class bicycle spacesTotal Gross floor area (3 floors & lower level) 85,384 sqftLot area 99,798.7 SF (2.29 AC) Units Breakdown:Lower level: Lobby & Utility1st Floor: Office, 23 units of 1 Bedroom, 13 units of 2 Bedrooms = 36 Units total2nd Floor: 25 units of 1 Bedroom, 13 units of 2 Bedrooms = 38 Units total3rd Floor: 23 units of 1 Bedroom, 13 units of 2 Bedrooms, 1 unit of 3 Bedrooms = 37 Units totalTotal Units Count: 111 Units. LOW estimated rents:1 Bed 1 bath $1,0152 Beds 1 bath $1,2503 Beds 1 bath $1,450 With the above projection, the building is expected to generate approximately$72,065 from 1 bed units$48,750 from 2 beds units$1,450 from 3 beds unit Total monthly expected rents: $122,265 ; Yearly expected gross rent $1,467,180Medium to higher rents should bring additional 10-15%.Additional income from parking is also expected. With such incredible numbers, don't wait and make your move TODAY!
Details
| MLS # | PAPH2466868 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Days On Site | 90 |
| Listing Provided By | Victory Real Estate, LLC | Leron K Grossman |
Features
| Zoning | RM1 |
|---|---|
| Acreage | 2.29 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
Exterior
| Construction Materials | Masonry |
|---|---|
| Lot Features | Corner, Open, Rear Yard, Unrestricted |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Public Sewer |
|---|---|
| Electric | Other |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 10100 |
| Tax Lot | 145 |
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19141 |
| Area | 19141 (19141) |
| Community Name | WISTER |
| School District | PHILADELPHIA CITY |
