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1609 W Norris St
For Sale $265,000
$265,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 1,170 Sq Ft
Description
An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups -
Unit 1 - 4 bed/4 bath - $750/room, $3000/mo total
Unit 2 - 2 bed/2 bath - $800-900/room, $1850/mo total
Unit 3 - 5 bed/5 bath - $700/room, $3500/mo
These are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students.
The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $265,000 |
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 321017210 |
| MLS # | PAPH2282402 |
| Property ID | 319877237 |
| Lot Sqft | 1,170 |
| Zoning | RM1 |
| Days on Market | 426 |
| Original List Price | Unknown |
| Date Updated | August 25, 2024 |
| Date Created | October 03, 2023 |
Listing Provided By
Toma Holovatskyy an agent of .
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Data last updated: December 02, 2024.
Robert Crawford
REAL ESTATE AGENT