$900,000
3725-37 Pulaski, Philadelphia, PA 19140
Current Rent **
N/A
Projected Rent **
$10,000+
SHOVEL READY DEVELOPMENT OPPORTUNITY in PHILA! 27 UNITS 14 Parking Spaces!
SHOVEL READY DEVELOPMENT OPPORTUNITY! Approved 10 YEAR TAX ABATEMENT + 30 Month Construction Abatement. We are delighted to present an outstanding piece of land that offers a prime opportunity for the development of a 4-story, multi-family structure comprising 27 dwelling units. This shovel-ready project boasts meticulously planned designs, including ground-level under-building parking and access to a rooftop deck. Professionally appraised by BBG, the property holds immense potential for a lucrative investment in a highly sought-after location. Parking: A total of 14 parking spaces have been allocated, providing ample convenience for residents and visitors. Proximity to Temple University Hospital/Medical Center: Situated in close proximity to Temple University Hospital/Medical Center, this location offers an advantageous proximity for medical professionals, students, and staff seeking convenient access to these esteemed institutions. Excellent Transportation Connectivity: Residents will benefit from excellent transportation connectivity, with the main bus stop just 2 blocks away. Furthermore, the property's strategic positioning, only 3 blocks away from the bustling Temple University Hospital, ensures a high demand for housing in the area. Approved Plans and Stamped Ready-to-Build: With the added advantage of approved and stamped plans, this property eliminates the need for extensive design and approval processes, facilitating a streamlined transition into the construction phase. Comparable Sales: A comparable property consisting of 18 units, without parking, on Venango, achieved a sale price of $7 million in April 2022.
Location:
3725-37 Pulaski, Philadelphia, PA 19140
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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