2469-73 AMBER ST, Philadelphia, Pennsylvania
2469-73 AMBER ST, Philadelphia, Pennsylvania 19125 - Take the plans and permits on this shovel ready project and build your 7 unit building on this three parcel site. It's now three lots and there is a geotechnical test approved building plans for this 6,000 sq ft building. Skip the year of due diligence going through zoning variances and get started in this extremely busy area where development is happening on every corner. Opportunities are dwindling. This location speaks for itself being just off Frankford Ave by Cumberland, blocks from the EL, Philadelphia Brewing Co., Martha, the KCFC and dozens of restaurants and shops. Its a transit oriented development with quick bus and EL access to center city. The 7 units are: #1: 2 bed, 1.5 bath, #2: 2 bed, 2.5 bath, #3: 1 bed, 1 bath, #4: 1 bed, 1 bath, #5: 1 bed, 1 bath, #6: 1 bed, 1 bath, #7: 1 bed, 1 bath. The projected rent rolls are 96,000 per year but please crunch your own numbers. When completed, this will project will have a nice capitalization rate. Jump on the opportunity to develop a 7 unit building where 1 home new construction outsales are breaking the five hundred k barrier.
Listing Courtesy of Coldwell Banker Preferred-Old City
“Chris did a terrific job helping me to find just the right home and holding my hand all through the process of buying a home. Chris was always avaiable on the momentary notice to address any issue, large or small; and many times i had to wonder if he ever takes a break. I would recommend Chris for any real estate needs in a heartbeat!!! Thank you The Somers Team!”