1950 E LOGAN STREET

PHILADELPHIA, PA 19141

Are you a developer looking for your next large project? look no more! Zoning approved project in the Germantown section of Philadelphia. Zoning permit in hand, approved for multi-family with: 111 Dwelling units. 42 Parking spaces , 4 Accessible spaces (including 1 van), 3 Electric van spaces, 45 1A class bicycle spaces Lot area 99,798.7 SF (2.29 AC) Units Breakdown: Lower level: Lobby & Utility 1st Floor: Office, 23 units of 1 Bedroom, 13 units of 2 Bedrooms = 36 Units total 2nd Floor: 25 units of 1 Bedroom, 13 units of 2 Bedrooms = 38 Units total 3rd Floor: 23 units of 1 Bedroom, 13 units of 2 Bedrooms, 1 unit of 3 Bedrooms = 37 Units total Total Units Count: 111 Units. LOW estimated rents: 1 Bed 1 bath $1,015 2 Beds 1 bath $1,250 3 Beds 1 bath $1,450 With the above projection, the building is expected to generate approximately $72,065 from 1 bed units $48,750 from 2 beds units $1,450 from 3 beds unit Total monthly expected rents: $122,265 ; Yearly excepted gross rent $1,467,180 Medium to higher rents should bring additional 10-15%. Additional income from parking is also expected. With such incredible numbers, don't wait and make your move TODAY!

Listing courtesy of Victory Real Estate, LLC



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