Description
Amazing investor opportunity with this large single family within the perimeters of Temple University surveillance. Property was rented out at 500 a room in current condition. New owner can do upgrades and increase rents significantly. Property is zoned RM1 with large footprint. Investor can pursue the strategy of seeking multifamily variance which would be by right, and then cash out refinance after the build. This is a phenomenal investment for the saavy investor who knows how to maximize the benefits of the an RM1 property that can be converted to multifamily. Minor upgrades or major conversion, either way, new owners will be cashflowing for years to come. Come see it for yourself to truly appreciate the space, the high ceilings, the enormous back yard, and all the potential the property has to offer. Property is sold "as is" condition. Brand new railing installed May this year.
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6BEDS
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0.05ACRES
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1BATHS
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11/2 BATHS
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3,354SQFT
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$110$/SQFT
Description
Amazing investor opportunity with this large single family within the perimeters of Temple University surveillance. Property was rented out at 500 a room in current condition. New owner can do upgrades and increase rents significantly. Property is zoned RM1 with large footprint. Investor can pursue the strategy of seeking multifamily variance which would be by right, and then cash out refinance after the build. This is a phenomenal investment for the saavy investor who knows how to maximize the benefits of the an RM1 property that can be converted to multifamily. Minor upgrades or major conversion, either way, new owners will be cashflowing for years to come. Come see it for yourself to truly appreciate the space, the high ceilings, the enormous back yard, and all the potential the property has to offer. Property is sold "as is" condition. Brand new railing installed May this year.
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