INVESTOR ALERT: This property is approved for a 5 story, 6 unit building, consisting of one and two bedroom units. The plans include space for bike storage, a package area, private outdoor spaces, and an elevator. The layouts were designed with tenant preferences in mind, and will be able to capture top of the market rents when completed. The Francisville rental market has been consistently strong over the last twelve months, with average rent prices increasing on new construction inventory. The lot is located on a quiet street, with several multi-family projects just completed within the last 12 months, and additional projects on the way. With increased demand for new construction inventory in the immediate area, this offering presents the opportunity to acquire a unique development site in a rapidly appreciating market with the ability to break ground immediately following the sale. Plans are available upon request.
THE SCHOOL DISTRICT OF PHILADELPHIA
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Listing information last updated on October 15th, 2019 at 8:03am EDT.