Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Lot size
N/A
2127 N. Uber Street presents a rare opportunity to acquire a fully shovel-ready multifamily development site on a quiet, tree-lined block in North Philadelphia. The sale includes approved plans and permits for a thoughtfully designed four-unit apartment building featuring four spacious two-bedroom apartments that have been value engineered to maximize returns by balancing efficient construction costs with layouts that appeal to today’s renters and promote long-term tenant retention. By eliminating the time, expense, and uncertainty of the entitlement process, this property allows a developer to begin construction immediately. The project’s potential is supported by a compelling nearby comparable at 2136 N. Uber Street, a similar new construction building on the same block that appraised for $1,015,000 and consists of two one-bedroom and two two-bedroom apartments, with the one-bedroom units leasing for $1,400 per month and the two-bedroom units leasing for $1,850 per month. Whether you’re looking to build and hold for long-term cash flow or develop for resale, 2127 N. Uber Street offers an exceptional opportunity to capitalize on a proven product in a growing Philadelphia neighborhood with much of the development risk already removed.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(square feet)
1,646
-
Property Type
Land
Price
-
Sales Price
$155,000
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Tax Amount
$1,222.02
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Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Jacob Katro , Skale Real Estate
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Theresa Kehler
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