5 unit mixed use redevelopment on Girard AVE in booming Brewerytown submarket of Philadelphia, Pennsylvania. Four residential units plus ground floor commercial space ideal for retail or restaurant. Comparable leases signed on same street in low to mid 20 PSF range. Thriving retail corridor surrounded by new development in every direction. Easy access into downtown Philly. Strong rent growth and appreciation forecast for years to come in this surging submarket. Property will qualify for Philadelphia's 10yr tax abatement upon completion. ARV (after renovation value) over 1.2 million or 6 per cent cap rate. Appraisal can be furnished along with by right architectural plans with accepted offer. Building in shell condition. Proposed redevelopment includes overbuild concept for 4th floor addition. Two 2bd apartments and two 1bd apartments.
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