5500 Haverford Ave - Multifamily Development Site
$525,000
5500 Haverford Ave, Philadelphia, PA 19139
For Sale
Land
Active
Last Updated: 01/05/2022
0.2954 acres
Lot Area
Details:
Lot Area: 0.2954 acres
Highlights:
- Clear and Vacant Lot
- Signalized Corner Location
- High demand for rental units
- Easy access to Center City and i76
Description:
Total of 12,867sf of land in West Philadelphia zone CA-1 / RSA5. Proposed use to Build 34 Apartment Units, no plans or permits in hand. All due diligence the responsibility of the purchaser.
The prior building was damaged in a building fire and the existing structure was demolished.
Assumptions
-34 800sf Apartments @ $1,100 per month rents
-Sub 20% Expense Ration with Philadelphia Tax Abatement
-Projected NOI: $370,000
-Stabilized Value: $5,300,000 @ 7% Cap Rate
West Philadelphia
Documents:
| Title | ||
|---|---|---|
| Sale_Brochure__L_.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
