Shovel Ready Triplex Near Ivy League Schools

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 425,000.00
Asset Type Student Housing
Trade Type Sale
SQ. FT. Available 4,314
Date Available 10/11/2018
Bathrooms 7
Floors 4
Commission Split 3
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Shovel ready multifamily project in thriving Powelton Village, neighboring the University of Pennsylvania, Drexel University and Penn Presbyterian Medical Center. The 1,680 sf lot is granted a variance for three units, and at closing, all building permits and architectural plans will be in place allowing for the construction of three individually deeded townhome units, containing 4,314 sf of finished space, 8 bedrooms in three levels, plus a garden level basement and rooftop deck. Construction commencement in early 2019 allows for occupancy prior to the Fall 2019 semester. The purchase price includes the lot, granted variance to three units, building permits, geotechnical engineering report and approved building plans. Contact Glen directly for more information on this unique and rare opportunity to be apart of the booming University City near UPenn, Drexel, and Wharton.