• -- Beds
  • -- Baths
  • Lot/Land
  • Active
501-9 W NORRIS ST, PHILADELPHIA - 32374628
501-9 W NORRIS ST, PHILADELPHIA - 32374629
501-9 W NORRIS ST, PHILADELPHIA - 32374630
501-9 W NORRIS ST, PHILADELPHIA - 32374631
501-9 W NORRIS ST, PHILADELPHIA - 32374632
501-9 W NORRIS ST, PHILADELPHIA - 32374633

Property Description for 501-9 W NORRIS ST, PHILADELPHIA PA 19122

Incredible development opportunity in South Kensington with ZONING PERMITS APPROVED for 4 Duplexes. This corner property is 64 X 57 feet in dimension and has zoning permits and subdivision plans approved for a total of 4 Duplexes and as a bonus includes the required geotech report and soil samples required for building permits. Each duplex is designed as a 16 x 45 footprint with bilevel units: 3bd/2ba lower units with rear yards and 3bd/3ba upper units with private roof decks. These units can be sold as condos or held for a long term rental portfolio. Each building has projected rents of approximately 3,800/month or 45,600/annual. The total package would generate 182,400 per year giving it a value of 2.3 mil at an 8% cap rate. This area is exploding with development and some large projects have recently been announced within a few block radius. Purchase now before prices continue to increase quickly.

  • Property Class: Lot Land
  • Listing Status: Active
  • State: PA
  • Zip: 19122
  • Area: Philadelphia – 19122
  • Class: Lot/Land
  • Approx Lot Size: 0.110
  • Baths (F/H): -- / --
  • Lot Sq Ft Apx: 4691.00
  • Listing#: 7028043
  • School District: Philadelphia
  • Tax Year: 2018
  • List Date: 7/30/2017
  • Last updated on: 7/17/2018

Property Features for 501-9 W NORRIS ST, PHILADELPHIA PA 19122

  • Land Use: Unimprovgrnd
  • Water: Public
  • Sewer Septic: Public Sewer

Additional Information for 501-9 W NORRIS ST, PHILADELPHIA PA 19122

  • School District: Philadelphia
  • Condo Association: False
  • HOA: False
  • Lot Number: 22
  • Lot Dim Width: 64
  • Lot Dimensions: 64X57
  • Ownership: Fee Simple
  • Total Assessment: 27600.00
  • Water Front: False
  • Total Taxes: $386
  • Listing Area: Philadelphia – 19122
  • Subdivision: South Kensington
  • Listing ID: 7028043
Courtesy of Copper Hill Real Estate, LLC
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