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Buildable Lot Package | Three Lots

Looking for empty lots in Philadelphia? Call South Philly Vinny 215-360-3434.

THREE PARCEL PACKAGE - TOTALING 11 UNITS BY RIGHT - TOTAL PACKAGE COST: $205,000


The package includes two entitled parcels and a by-right quadruplex


$219,024 Potential Annual Gross Rent - Section 8 Rentals


Parcel #1


1820 W Venango St - asking $85,000

-Corner lot | 2,080 square feet | 16' x 130'


-This lot has an approved variance for a 3 story 4 unit residential building


-Four 900+ square foot bi-level and single floor units


-Growing rents in the area | Section 8 rental income for a two bedroom: $1,476 per month


-$70,848 Gross Rent | 9.4% Cap Rate | factored from Section 8 2024 Rent Schedule

Proforma - click here (proformas based on projected market rents, not actual)


-Proposed Plans - click here


Parcel #2


840 E Chelten Ave - asking $45,000

-Germantown area | Interior Lot | 1,778 square feet | 16' x 111'


-By right zoning for a quadruplex residential building


-Growing rents in the area | Section 8 rental income for a two bedroom: $1,764 per month


-$84,672 Gross Rent | 14.2% Cap Rate | factored from Section 8 2024 Rent Schedule

Proforma - click here (proformas based on projected market rents, not actual)


Parcel #3


4554 Wayne Ave - asking $75,000

-Germantown area | Interior Lot | 1,719 square feet | 16' x 107'


-Approved variance for a three story, triplex residential building.


-Growing rents in the area | Section 8 rental income for a two bedroom: $1,764 per month


-$63,504 Gross Rent | 10.4% Cap Rate | factored from Section 8 2024 Rent Schedule

Proforma - click here (proformas based on projected market rents, not actual)


Call 215-360-3434 with any questions.



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