Fantastic development opportunity on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. Approved for 111 apartments with off street parking, this site represents an opportunity to establish a stable and predictable cash flowing asset for years to come in an area poised for substantial growth. Unit mix consists of 71 one bedroom apts, 39 two bedroom apts, 1 three bedroom apt. Total finished square footage to be 85,384sf. A local contraction company currently rents a portion of the site for about $3200 a month which can continue after purchase. Call for details or site tour.
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Listing Snapshot
Price
$1,300,000
Days On Site
169 Days
Bedrooms
152
Inside Area (SqFt)
36,080 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.29 Acres
Year Built
1950
MLS® Number
PAPH2609194
Status
Active
Property Tax
$10,100
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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