PA > Philadelphia
Philadelphia, PA 19121,1609 W NORRIS ST
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Philadelphia, PA 19121,1609 W NORRIS ST
Philadelphia, PA 19121,1609 W NORRIS ST
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Ram Bala

Ram Bala

+1(703) 403-5338
Listed by Toma Holovatskyy • RE/MAX Plus
$ 229,500
Est. payment /mo
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Price Dropped by $19K

1609 W NORRIS ST Philadelphia, PA 19121

1,170 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2452618

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $754

Tax Year 2024

Lot Size 1,170 Sqft

Acres 0.03

Lot Dimensions 18.00 x 65.00

Property Sub-Type Land

Property Description

Priced to sell! Permits & architect plans are available! Inquire for more info. An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours. The plans are designed for a 3-unit, 11-bed/11-bath building with a rooftop. Setups:

Unit 1 - 4 bed/4 bath - $725-750/room, $2900-3000/mo total (1433 Norris A & 2044-26 Carlisle St A comps)
Unit 2 - 2 bed/2 bath - $800-850/room, $1600-1700/mo total (2044-46 Carlisle St #B comps)
Unit 3 - 5 bed/5 bath - $750/room, $3750/mo (one of the only 5 bed/5 bath in the area which would easily bring rent in the $750/room range)

This property's income using conservative numbers will be almost $100k/year.

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. Inquire about more info!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Exterior

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 321017210

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
agent

Ram Bala

Agent | License ID: VA:0226036501 MD:576134

+1(703) 403-5338

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1609 W NORRIS ST

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