Features and Amenities at 5019 W Norris St

Incredible development opportunity in South Kensington with ZONING PERMITS APPROVED for 4 Duplexes. This corner property is 64 X 57 feet in dimension and has zoning permits and subdivision plans approved for a total of 4 Duplexes and as a bonus includes the required geotech report and soil samples required for building permits. Each duplex is designed as a 16 x 45 footprint with bilevel units: 3bd/2ba lower units with rear yards and 3bd/3ba upper units with private roof decks. These units can be sold as condos or held for a long term rental portfolio. Each building has projected rents of approximately 3,800/month or 45,600/annual. The total package would generate 182,400 per year giving it a value of 2.3 mil at an 8% cap rate. This area is exploding with development and some large projects have recently been announced within a few block radius. Purchase now before prices continue to increase quickly.
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Local Schools

School Score Class Size Distance
James R Ludlow School C- 13 0.34 mi
Penn Treaty Middle School 1.03 mi

Home Details

Bedroom(s)
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Bathroom(s)
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Square Footage
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Price per SqFt
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Lot Size
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Stories
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Property Type
LOTS/LAND
Year Built
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MLS #
7028043
Neighborhood
Ludlow
County
philadelphia
Monthly Est. Mortgage
$3,101
Monthly Est. Insurance
$210
Monthly Property Tax
$599.90
Last Updated
10/14/2017

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Total Rooms
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Garage SqFt
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Year Updated
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Cooling System
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Heating System
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Heating Source
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Tax Year
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Tax Amount
$386

Estimated Mortgage Rates

Mortgage Calculator

With a current price of $599,900 and a mortgage rate of 4.0%, someone purchasing 5019 W Norris St, Philadelphia, PA , 19122 could expect to have a monthly payment of $3,101. This assumes a 20% down payment of $119,980 , a high credit score and a 30 year fixed-rate mortgage. You can use the mortgage calculator to estimate the monthly payment with different values.

Loan Amount
$479,920
$0
$599,900
Down Payment
20 %
0%
30%
Loan Term
30 years
0 years
40 years
Interest Rate
4 %
0%
7%
Homeowner Insurance
$210
$0
$1,000
Property Tax
1.2 %
1%
6%
Principal & Interest$2,291Insurance$210Taxes$600PMI$0Estimated Payment$3,101

Request Information

215-279-0226 LISTING AGENT
770-612-7007 Preferred
484-429-6679
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Listing Source:
Bright MLS
Offered By:
Copper Hill Real Estate, LLC
Last Change:
10/13/2017
Days on Site:
76

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