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$ 375,000
Est. payment /mo
Price Dropped by $24K
5805-11 E WISTER ST Philadelphia, PA 19138
6,000 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Lot Size 6,000 Sqft
MLS Listing ID PAPH2586652
Subdivision West Oak Lane
Short Sale No
HOA Y/N N
Originating MLS BRIGHT
Available Date 2026-03-02
Property Description
PRIME DEVELOPMENT OPPORTUNITY NEAR LA SALLE UNIVERSITY – APPROVED 18-UNIT PROJECT
EXCEPTIONAL OPPORTUNITY TO DEVELOP AN 18-UNIT RESIDENTIAL BUILDING ON A NEARLY 6,000 SQ FT VACANT LOT IDEALLY LOCATED JUST STEPS FROM LA SALLE UNIVERSITY. PROPERTY WILL BE DELIVERED WITH APPROVED PLANS AND PERMITS AND IS FULL SHOVEL READY INCLUDING MEP, ALLOWING CONSTRUCTION TO BEGIN IMMEDIATELY.
THE SITE IS STRATEGICALLY POSITIONED BY BEING WALKING DISTANCE TO THE UNIVERSITY MAIN CAMPUS AND LOCATED DIRECTLY BEHIND A SHOPPING CENTER AND NEAR PUBLIC TRANSPORTATION, PROVIDING CONVENIENT ACCESS TO DAILY AMENITIES AND MAKING IT HIGHLY ATTRACTIVE TO TENANTS.
APPROVED UNIT MIX:
8 UNITS: 2 BEDROOMS / 2 BATHROOMS
10 UNITS: EXTREMELY LARGE 1 BEDROOM / 1 BATHROOM UNITS
THE THOUGHTFULLY DESIGNED FLOOR PLANS MAXIMIZE EFFICIENCY AND RENTAL APPEAL. PROJECTED RENTAL INCOME IS APPROXIMATELY $30,000 PER MONTH, OFFERING STRONG CASH FLOW AND LONG-TERM INVESTMENT POTENTIAL.
IDEAL FOR DEVELOPERS OR INVESTORS SEEKING A TURNKEY DEVELOPMENT PROJECT IN A HIGH-DEMAND UNIVERSITY-ADJACENT LOCATION.
DRIVE BY THE PROPERTY AND MAKE YOUR OFFER TODAY.
EXCEPTIONAL OPPORTUNITY TO DEVELOP AN 18-UNIT RESIDENTIAL BUILDING ON A NEARLY 6,000 SQ FT VACANT LOT IDEALLY LOCATED JUST STEPS FROM LA SALLE UNIVERSITY. PROPERTY WILL BE DELIVERED WITH APPROVED PLANS AND PERMITS AND IS FULL SHOVEL READY INCLUDING MEP, ALLOWING CONSTRUCTION TO BEGIN IMMEDIATELY.
THE SITE IS STRATEGICALLY POSITIONED BY BEING WALKING DISTANCE TO THE UNIVERSITY MAIN CAMPUS AND LOCATED DIRECTLY BEHIND A SHOPPING CENTER AND NEAR PUBLIC TRANSPORTATION, PROVIDING CONVENIENT ACCESS TO DAILY AMENITIES AND MAKING IT HIGHLY ATTRACTIVE TO TENANTS.
APPROVED UNIT MIX:
8 UNITS: 2 BEDROOMS / 2 BATHROOMS
10 UNITS: EXTREMELY LARGE 1 BEDROOM / 1 BATHROOM UNITS
THE THOUGHTFULLY DESIGNED FLOOR PLANS MAXIMIZE EFFICIENCY AND RENTAL APPEAL. PROJECTED RENTAL INCOME IS APPROXIMATELY $30,000 PER MONTH, OFFERING STRONG CASH FLOW AND LONG-TERM INVESTMENT POTENTIAL.
IDEAL FOR DEVELOPERS OR INVESTORS SEEKING A TURNKEY DEVELOPMENT PROJECT IN A HIGH-DEMAND UNIVERSITY-ADJACENT LOCATION.
DRIVE BY THE PROPERTY AND MAKE YOUR OFFER TODAY.
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning LOTS
Interior
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
Schools
School District The School District Of Philadelphia
Others
Tax Amount $126
Tax Year 2015
Tax ID 172529615
Ownership Fee Simple
Special Sale Standard
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Listed by Gazi Ataseven • HomeSmart Realty Advisors
Anita Mohamed
Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410
+1(347) 903-3025 | stagesite-3.test@chime.me