1609 W Norris Street
Philadelphia, PA 19121

An amazing opportunity to build a triplex in one of the most desirable locations at Temple University can be yours! Approved zoning! The owner has plans almost ready for a 3-unit, 11-bed/11-bath building which on average should bring 650-700/room. With a conservative estimate, potential gross income is $85,800/year, well into $100k/annually. The estimates for rent are derived from dozens of similar properties in the area that we have all leased out. The area of 15th-17th St, between Diamond and Cecil B. Moore streets is in high demand for Temple students. The bed-to-bath ratio, location (literally one block to Broad St), and the fact that it is a new construction will make it a desirable rental for Temple students so you should have smooth leasing, low turnover, and overall easy management.