Total potential monthly revenue for this unimproved land is currently estimated at $2,847, based on local comp data for a 2-bed rental in Glen Mills. If developed, subdividing into nine parcels—as proposed—could multiply income streams, though that would require significant capital and township approvals. The payback period is lengthy for raw land at $1.25M, but in Glen Mills’ strong, high-demand rental market, new multi-family or single-family construction could command $2,300–$4,000 per unit monthly, pushing revenue well into the $20K+ range with full development. The location in Garnet Valley School District and proximity to high-value homes are major pluses. Key challenges: zoning, subdivision approval, and upfront build costs.
For maximum rental yield, pursue subdivision approvals and consider multi-family development to leverage the area’s high average rents and strong market growth. If selling, highlight the nine-parcel potential, school district, and demand for new rentals. Simple land holding offers little income, but creative development—think townhomes or duplexes—could dramatically boost returns. Consult with local planners and architects to assess feasibility and timelines before breaking ground.