616 S 3rd St – Phila, PA 19147(No Pictures at this time)Development Opportunity in Queens Village
- Location – Queens Village
- 2 Units + Parking in the rear of the building
- Unit Breakdown:– 1st-floor Commercial tenant – $1270/mth– 2nd-floor tenant – $1350
- 4 car + parking in the rear
- Lot – 20 x 105 Street to Street
- 1,600 SF Interior
- Lot – 1,923 SF
- Rent ready condition
- Est Income – $31,440
- Est Expenses – $12,850
- Electric, plumbing & HVAC are all brought up to code
- Phase 1 is complete for a 3-unit building with parking
Wholesale Price: $850,000Quick Summary:Currently, we have a mixed-use property in the heart of Queens Village, everything has been brought up to code since last purchased. The highest and best use of this property would be to build a 3rd and partial 4th floor along with parking. 3 is allowed by right a 4th would require a variance. The best use of space is to create max number of commercial spaces while leaving some residential as well. Potentially up to 6 total units.