5500 Haverford Ave - Multifamily Development Site

5500 Haverford Ave Philadelphia, PA 19139

Property Type:
Multifamily Land
Last Verified:
Jan 05, 2022


  • Clear and Vacant Lot
  • Signalized Corner Location
  • High demand for rental units
  • Easy access to Center City and i76


Total of 12,867sf of land in West Philadelphia zone CA-1 / RSA5. Proposed use to Build 34 Apartment Units, no plans or permits in hand. All due diligence the responsibility of the purchaser.

The prior building was damaged in a building fire and the existing structure was demolished.

-34 800sf Apartments @ $1,100 per month rents
-Sub 20% Expense Ration with Philadelphia Tax Abatement
-Projected NOI: $370,000
-Stabilized Value: $5,300,000 @ 7% Cap Rate

West Philadelphia

Lot Size: 0.3 acres


Sale Brochure (L)

Map of 5500 Haverford Ave, Philadelphia, PA, 19139

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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