2127 Uber St, 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.