🏡 Introducing a Prime Investment Opportunity in University City and Mantua area with an 8%+ cap rate on a turnkey project 🏡
This opportunity presents a truly shovel-ready LAND for a multi-family property boasting 4 units, approved FULL 10 year TAX ABATEMENT as opposed to the prorated one and a projected annual rental income of $87,000, offering an 8%+ cap rate.
Key Features:
✅ Fully Permitted: Zoning and building permits are paid for and in hand, ensuring a smooth and efficient development process. All MEP's, structural, soil test, etc are done and paid for.
✅ Income Potential: With a thoughtfully designed layout featuring a mix of 2 to 3-bedroom units, this property is poised to generate substantial rental income in a high-demand area.
✅ Turnkey Solution: The seller offers the option for a fully turnkey development, providing the option to build it for the new owner, providing a seamless experience for potential buyers.
🔑 Hassle-Free Management: The seller provides the option to fully lease and manage the building in-house, offering convenience and peace of mind for investors.
💰 Seller Financing can be an option.
Location Highlights:
🌟 Booming Area: University City and Mantua are experiencing a surge of developments, driven by the growing demand from students and young professionals in the medical and educational industries.
🌟 Nearby Developments: The area is seeing major developments like uCity Square and Schuylkill Yards,
plus individual projects throughout the district. Additionally, the prestigious "Haverford Square" project is a testament to the immediate area's growth, featuring a mix of multi-family and mixed-use developments with 166+ unit development including some rentals, and for sale townhomes, that will span several adjacent sites and include a large supermarket, 15,000-SF ambulatory medical center, a cafe, and public gathering space, retail space. parks, etc.
Don't miss out on this exceptional investment opportunity in a rapidly growing area. Contact me today to learn more and secure your stake in this thriving market!
Property Type :
Land
Subdivision :
Mantua
County :
PHILADELPHIA
Style :
Land
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ByOwner last updated this listing 05/03/2024 @ 22:17
MLS: PAPH2336278
LISTED BY: Reda B Akbil , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
