About 2214 W Ontario St
Jump into your next development project which is truly shovel ready! -Incredible Investment Opportunity in a Thriving Locale! -Projected Gross Rent: $1,012,200 annually -64-unit property consisting of 1 & 2-bedroom apartments -Average 1 bed 575 sf and average 2 bed 1100 sf -40 Parking Spaces with No Low-Income Housing Requirement -Adaptive Reuse Project with Completed Foundation & Facade -Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.
Features of 2214 W Ontario St
| MLS® # | PAPH2359678 |
|---|---|
| Price | $2,800,000 |
| Bathrooms | 0.00 |
| Square Footage | 35,650 |
| Acres | 0.90 |
| Year Built | 1920 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 2214 W Ontario St |
|---|---|
| Area | 19140 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19140 |
Amenities
| Parking | Private, Paved Parking |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Central |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
School Information
| District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Information
| Date Listed | June 6th, 2024 |
|---|---|
| Days on Market | 365 |
| Zoning | I2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Empower |
|---|