1204 W Erie Avenue Philadelphia, PA 19140

Attention investors!Take a look at this new construction Triplex located in the bustling area of Temple Hospital!- Ground floor/lower level is a large 1,866sf 3bed/3bath bi-level unit with private rear yard access from both levels.- 2nd floor unit is 2bed/2bath at 933sf.- 3rd floor consisting of a 2bed/2bath unit with a private roofdeck.This triplex should be completed by September 1st with C/O in hand.With the anticipated rental value of $5000-$5400/month, this building is expected to have to have a CAP rate of anywhere between 7-8%.Located a short walk to the Broad St Line, Temple Hospital, Shriners Hospital, and multiple bus routes, this location is tough to beat!There are multiple developments in various phases all around this property including the Buery Building on Broad St near W Erie Ave - demolition has begun (conversion to a proposed hotel according to public records).And... we can't forget the street improvements that are going on right now!Don't miss an opportunity to invest in this area before it's too late!! 2024-08-14