Zoned RM1, ready for development! By-right building up to 2350 SF. As of 1/30/20, there are 19 units that have sold for 325K to 490K within a 6 block radius in the last six months. 5412 Delancey is adjacent and is also for sale. Both lots available for 78K. Build at the same time for estimated out sale of at least 650KFast developing area, ripe for investment in single family or rental units. Fast developing area, ripe for investment in single family or rental units. Two adjacent Lots for sale. Seller obtained zoning permits for a multi family development. Each lot is approved for 2 units. Buyer has the option to pursue a Lot Consolidation and develop a 4 unit building. The City Of Philadelphia has changed the West District zoning to residential. Subject lots are the only ones left with approved Multi Family zoning. Attached are the zoning permits and projected rent roll. Estimate Cap Rate is 8.4%
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