About 3428 N 18th St
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.
Features of 3428 N 18th St
| MLS® # | PAPH2539364 |
|---|---|
| Price | $1,075,000 |
| Bathrooms | 0.00 |
| Acres | 0.05 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Community Information
| Address | 3428 N 18th St |
|---|---|
| Area | 19140 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19140 |
Amenities
| View | City |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Flag Lot |
|---|
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Zoning | RSA5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Liberty Place |
|---|---|
| Contact Info | 6093995454 |