1950 E Logan St

Highlights:

• Days on Market: 71
• Development Status: Zoned
• Parking Features: Private

Description:

Corner, Open, Rear Yard, Unrestricted

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!