246 S 59th St 1.77 Acres of Residential Land Offered at $1,988,377 CAD in Philadelphia, PA 19139
INVESTMENT HIGHLIGHTS
- 98 Rental Units
- 3 Commercial
EXECUTIVE SUMMARY
Opportunity to Build !!!!
One of the last grandfathered-in and approved CMX2 Zonings in the Area.
It is a great Rental Project with lots of upsides or great for an ample commercial building.
The Lot is approved to build 98 rental units and 3 commercial spaces on the ground floor.
Unit count, sizes, and layouts can be easily adjusted in the construction drawings.
Design and Zoning approved
Full Community Board Support
One of the last grandfathered-in and approved CMX2 Zonings in the Area.
It is a great Rental Project with lots of upsides or great for an ample commercial building.
The Lot is approved to build 98 rental units and 3 commercial spaces on the ground floor.
Unit count, sizes, and layouts can be easily adjusted in the construction drawings.
Design and Zoning approved
Full Community Board Support
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,988,377 CAD |
| Price Per AC | $1,124,853.21 CAD |
| Lot Size | 1.77 AC |
Great Rental Project , Design, and Zoning Approved !!!! 77,000sqft
1 of 1
Transit Score®
Excellent Transit (71)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 882969330 | Total Assessment | $650,838 CAD |
| Land Assessment | $455,586 CAD | Annual Taxes | -$1 CAD |
| Improvements Assessment | $195,251 CAD | Tax Year | 2025 |
ZONING
| Zoning Code | CMX2 (Commercial Mixed Use) |
CONTACT
-
Felix Ellinson - 246 S59 st LLC
