$ 2,529,000
-
$2,529,000
Price -
0
Bed - Bath
-
85,384
SqFt
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About the Listing VICRE1 - 3192143
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 spaces Total Gross floor area (3 floors & lower level) 85,384 sqft Lot area 99,798.7 SF (2.29 AC) Units Breakdown: Lower level: Lobby & Utility 1st Floor: Office, 23 units of 1 Bedroom, 13 units of 2 Bedrooms = 36 Units total 2nd Floor: 25 units of 1 Bedroom, 13 units of 2 Bedrooms = 38 Units total 3rd Floor: 23 units of 1 Bedroom, 13 units of 2 Bedrooms, 1 unit of 3 Bedrooms = 37 Units total Total Units Count: 111 Units. LOW estimated rents: 1 Bed 1 bath $1,015 2 Beds 1 bath $1,250 3 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 $1,467,180 Medium 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!
Listing Highlights for 1950 E Logan St
Status
Active
Days on Site
141
Property Type
Commercial Sale
MLS ®
PAPH2466868
Year Built
Total Square Footage
85,384
Lot/Acreage
2.29
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: None
Exterior Details
- Lot Description: Corner,Open,Rear Yard,Unrestricted,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 49
- Lot Dimensions: 345.00 x 217.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $10,100
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Listing Location
Questions About..
1950 E Logan St Philadelphia, PA 19141
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