Just listed!! Duplex at 16th & Federal
Corner Property – Needs work – $199,000
Not on the MLS – 1215 S 16th
Contact Jim Onesti for more info
BHHS Fox & Roach – Mike McCann Team
215.627.6005 Main or 215.440.2052 Direct
jonesti@mccannteam.com
Bella Vista LOT APPROVED for a 4000 sq’ home
Located in the Meredith School District Catchment
Build your dream home! Several comps well above $1,000,000+++
OR build a custom home for a client!!
Click Here For Plans: A B C D E
For more information contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com
2620 Memphis 19125
Corner Lot 15 x 60
$50k
Not on the mls
Gorgeous 5500 + square foot Broad street property that runs street to street with parking. Detached, free standing building!
Limestone and Granite facade! One block from the hospital, next to Starbucks and commercial Broad street strip center at Broad and Jackson. HOT Location with Huge rent potential!!
Roof Deck views of Center City and South Philly, and Stadiums.
Tax abatement submitted/pending!
It’s fully approved and permitted for 6 residential rental units and 2 parking spots (but you can probably fit 4 prkg total).
4–1 bed/1 bath, 1–2 bed/2 bath, 1–2 bed/1 bath.
The property is framed and new plumbing is almost completed, fully permitted….. easy to rent due to hospital located down block and booming navy yard expansion.
Broad Street Subway entrance ½ block away!
Appraised in Feb 2013 for right around $1.1mm, with market rents of $8,400/month ($100,800/year). If one went with high end finishes, you may be able to push these numbers higher. (appraisal attached)
The owner has other projects he wants to move to and wants to sell. He is asking 725k. It needs another $200k or so to finish but should cash flow very nicely.
Truly an amazing building and rare opportunity!
Plans and multi-tab pro-forma attached..
Below are the potential rental income figures
o 1F: $1250/month (1bdrm/1ba, multi-level with basement living area)
o 1R: $1800/month (2bdrm/1ba)
o 2F: $1250 (large 1bdrm/1ba)
o 2R: $1050 (1bdrm/1ba)
o 3F: $2000 (2brm/2ba, roof deck, multi-level)
o 3R: $950 (smaller 1bdrm/1ba)
o Parking: 2 spaces x $100/month = $200
o Totals: $8500/month, $102,000/year
CLICK HERE FOR BUILDING PERMITS!
CLICK HERE FOR 1st & 2nd FL PLANS!
CLICK HERE FOR 3rd & 4th FL PLANS!
For more information contact Jim Onesti 215.440.2052 or jonesti@mccannteam.com – BHHS Realtors 215.627.6005
Last year we had a 31 property package of Graduate Hospital homes listed at $8 million.
We estimated the package to be worth $10 million IN AS-IS CONDITION and with value added it would be worth closer to $13 million.
These properties have all recently sold and settled, with most of them in as is condition and most for an average sale price of $400,000++ per property!!
With demand in the Graduate area extremely high and inventory extremely low, this was definitely a once in a lifetime opportunity!!!!
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