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Fantastic development opportunity on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. Approved for 111 apartments with off street parking, this site represents an opportunity to establish a stable and predictable cash flowing asset for years to come in an area poised for substantial growth. Unit mix consists of 71 one bedroom apts, 39 two bedroom apts, 1 three bedroom apt. Total finished square footage to be 85,384sf. A local contraction company currently rents a portion of the site for about $3200 a month which can continue after purchase. Call for details or site tour.
Source: BRIGHT MLS, MLS#: PAPH2609194
