Plan Approved! 250K Projected Income Per Year! This prime RM1-zoned corner property, spanning a rare 0.09-acre lot (42 ft x 94 ft), comes with zoning approval and plans for a 4-story building featuring approximately 4,000 sq. ft. per floor, 36 suites, and 2-car garage parking. With potential annual rental income exceeding 250,000 and a post-completion value estimated at over 2.5M based on surrounding comps, this is a standout investment opportunity. Suites are projected to rent for 650-750 per month, making this property ideal for student housing or traditional rentals in one of Philadelphia s fastest-growing areas. Surrounded by exciting new developments, this property offers a rare chance to capitalize on the booming Temple University market. Zoning permits and building plans are ready, and while the property is currently tenant-occupied, the tenant will be vacated before settlement. Don t miss this lucrative opportunity!
1711 W Jefferson Street
Philadelphia, Pennsylvania 19121, United States
- Bedrooms : 13
- Square Footage: 3,920.40 Sqft
