The Excellence of living in Wrapche

2214 W ONTARIO STREET

PHILADELPHIA , PA 19140

MLS#: PAPH2359678

$2,800,000

Status: Active
Listing number: PAPH2359678
Listing provided by: KW Empower
Listing agent phone: None
Last update: 2 months ago
On site: 1 year, 7 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

N/A

Jump into your next development project which is truly shovel ready! -Incredible Investment Opportunity in a Thriving Locale! -Projected Gross Rent: $1,012,200 annually -64-unit property consisting of 1 & 2-bedroom apartments -Average 1 bed 575 sf and average 2 bed 1100 sf -40 Parking Spaces with No Low-Income Housing Requirement -Adaptive Reuse Project with Completed Foundation & Facade -Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Private, Paved, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.9

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $2,800,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Accessibility Features

    Accessible Doors, Accessible Hallway(s)

  • Tax Lot

    232

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Richard K Cassell , KW Empower

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Jump into your next development project which is truly shovel ready! -Incredible Investment Opportunity in a Thriving Locale! -Projected Gross Rent: $1,012,200 annually -64-unit property consisting of 1 & 2-bedroom apartments -Average 1 bed 575 sf and average 2 bed 1100 sf -40 Parking Spaces with No Low-Income Housing Requirement -Adaptive Reuse Project with Completed Foundation & Facade -Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

2214 W ONTARIO STREET

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