Residential Land for Sale in Philadelphia, Pennsylvania
5805-11 E Wister St Philadelphia, PA 19138
Prime Development Opportunity Near La Salle University - 18 Units with Approved Plans and Permits
This is an exceptional chance to develop an 18-unit residential property on a nearly 6,000 sq. ft. vacant lot, ideally located just steps from La Salle University. The land will be delivered with approved plans and permits, ready for immediate development of your dream project.
Key Features:
Location: Directly behind a shopping center and close to public transportation, ensuring easy access to amenities and enhancing the appeal for potential tenants.
Land Size: Nearly 6,000 sq. ft.
Approved Plans: 18 units with all permits in place to start construction immediately.
Unit Breakdown:
8 units - 2 Bedrooms, 2 Bathrooms
10 units - Large 1 Bedroom, 1 Bathroom
Projected Rental Income:
Estimated monthly rental income of $30,000, offering a strong return on investment.
This property has been carefully designed to maximize rental income and offer desirable living spaces for future tenants. Whether you're an experienced developer or an investor looking to secure a prime asset in a growing area, this is an opportunity you won't want to miss.
Drive by the property today and make your offer!
10 UNITS ARE EXTREMELY LARGE 1 BED &1 BATH.
YOUR PROJECTED RENTAL INCOME WOULD BE AROUND 30,000$ MONTHLY.
DRIVE BY AND MAKE AN OFFER
Location
- Street Address
- 5805-11 E Wister St
- County
- Philadelphia County
- Community
- West Oak Lane
- School District
- The School District of Philadelphia
- Elevation
- 240 feet
Property details
- MLS Number
- TREND PAPH2428462
- Date Posted
Property taxes
- Recent
- $126
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Dec 16, 2024 | New listing | $399,000 | — | TREND |