1609 West Norris Street
1609 West Norris Street
$265,000
1,170 / 0.03
Description
An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups -
Unit 1 - 4 bed/4 bath - $750/room, $3000/mo total
Unit 2 - 2 bed/2 bath - $800-900/room, $1850/mo total
Unit 3 - 5 bed/5 bath...An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups -
Unit 1 - 4 bed/4 bath - $750/room, $3000/mo total
Unit 2 - 2 bed/2 bath - $800-900/room, $1850/mo total
Unit 3 - 5 bed/5 bath - $700/room, $3500/mo
These are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.
Unit 1 - 4 bed/4 bath - $750/room, $3000/mo total
Unit 2 - 2 bed/2 bath - $800-900/room, $1850/mo total
Unit 3 - 5 bed/5 bath...An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! All the permits should be done within a couple of weeks and you can complete construction right before the Temple University 2025-2026 academic year leasing season! The owner has plans ready for a 3-unit, 11-bed/11-bath building with a shared rooftop. Setups -
Unit 1 - 4 bed/4 bath - $750/room, $3000/mo total
Unit 2 - 2 bed/2 bath - $800-900/room, $1850/mo total
Unit 3 - 5 bed/5 bath - $700/room, $3500/mo
These are conservative estimates and bring this property's income well into $100k/year. The comparable rents are derived from dozens of similar properties in the area we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.
- Listed by Toma Holovatskyy • RE/MAX PlusP: 2158684574 toma@plusrealtors.com
Property Details for 1609 West Norris Street
Tax ID Number
321017210
OwnershipFee Simple
HOANo
WaterfrontNo
GarageNo
Expected On Market Date10-04-2023
MunicipalityPHILADELPHIA
Central AirNo
Location
LISTING UPDATED: 05/18/2024 02:21 PM
Property Details for 1609 West Norris Street
Status | Active |
---|---|
MLS # | PAPH2282402 |
Days on Market | 240 |
Taxes | $754 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Fee Simple |
Year Built | - |
Lot Size | 0.03 AC |
County | Philadelphia County |
Location
Building Information for 1609 West Norris Street
Lot Size0.03 AC
Payment Calculator
$1,509 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1609 West Norris Street
Property History for 1609 West Norris Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1609 West Norris Street
Taxable ValueLand$53,900Additions-Total$53,900
Tax Record2023$754 ($63 / month)
Home Facts
Beds0Lot Size1,170 SqFtStyleResidentialZoningRM1CountyPHILADELPHIAAPN32-1-0172-10
Schools near 1609 West Norris Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Young Scholars Frederick Douglass Charter School CharterK to 8 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson Public9 to 12 | ||
The U School: Innovative Lab Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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