1204 W Erie Avenue, Philadelphia PA 19140 (Off Market)

For Sale, USD 799,000


1204 W Erie Avenue, Philadelphia PA 19140,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 3,732 ft² / 347 m²

Land Size : N/A

Bedroom : 3

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Attention investors!Take a look at this new construction Triplex located in the bustling area of Temple Hospital!- Ground floor/lower level is a large 1,866sf 3bed/3bath bi-level unit with private rear yard access from both levels.- 2nd floor unit is 2bed/2bath at 933sf.- 3rd floor consisting of a 2bed/2bath unit with a private roofdeck.This triplex should be completed by September 1st with C/O in hand.With the anticipated rental value of $5000-$5400/month, this building is expected to have to have a CAP rate of anywhere between 7-8%.Located a short walk to the Broad St Line, Temple Hospital, Shriners Hospital, and multiple bus routes, this location is tough to beat!There are multiple developments in various phases all around this property including the Buery Building on Broad St near W Erie Ave - demolition has begun (conversion to a proposed hotel according to public records).And... we can't forget the street improvements that are going on right now!Don't miss an opportunity to invest in this area before it's too late!!
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1204 W Erie Avenue, Philadelphia PA 19140, United States,Pennsylvania,Philadelphia is a 3,732ft² Philadelphia luxury Multi-Family Home listed for sale USD 799,000. This high end Philadelphia Multi-Family Home is comprised of 3 bedrooms and 0 baths. Find more luxury properties in Philadelphia or search for luxury properties for sale in Philadelphia.