Shovel-Ready 19,440 Sf Development Opportunity in Fishtown / Kensington

1736 - 1764 N Mascher Street, Philadelphia, PA

$4,999,999

Price

5.25%

Cap Rate

$918,000

NOI

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Street
Map
Overview
Cap Rate
5.25%
NOI
$918,000
Lot Area
19,440 sqft
Units
20
Price Per Sqft
$257
Price Per Unit
$249,000
Description

Shovel-ready 19,440 SF development opportunity in Fishtown / Kensington to build 20 townhouses with garage parking. Full 10 year tax abatement. Plans and permits are approved. The homes can be sold individually to homebuyers or “built for rent” as an investment strategy. Around 75 apartments can alternatively be built via by-right multifamily zoning code in place (RM1). This is located in the QOZ (Opportunity Zone).

Documents
Title
Offering Memorandum
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Location
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