2127 Uber St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
2127 N. Uber Street presents a rare opportunity to acquire a fully shovel-ready multifamily development site on a quiet, tree-lined block in North Philadelphia. The sale includes approved plans and permits for a thoughtfully designed four-unit apartment building featuring four spacious two-bedroom apartments that have been value engineered to maximize returns by balancing efficient construction costs with layouts that appeal to today's renters and promote long-term tenant retention. By eliminating the time, expense, and uncertainty of the entitlement process, this property allows a developer to begin construction immediately. The project's potential is supported by a compelling nearby comparable at 2136 N. Uber Street, a similar new construction building on the same block that appraised for $1,015,000 and consists of two one-bedroom and two two-bedroom apartments, with the one-bedroom units leasing for $1,400 per month and the two-bedroom units leasing for $1,850 per month. Whether you're looking to build and hold for long-term cash flow or develop for resale, 2127 N. Uber Street offers an exceptional opportunity to capitalize on a proven product in a growing Philadelphia neighborhood with much of the development risk already removed.
Details
| MLS # | PAPH2656322 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Days On Site | 68 |
| Listing Provided By | Skale Real Estate | Jacob Katro |
Features
| Zoning | RM-1 |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1222.02 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19121) | |
Price: $155,000 low | high Med: $212,450 On site: 68 low | high Med: 30 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in 19121) | |
Price: $155,000 low | high Med: $212,450 On site: 68 low | high Med: 30 | |
