Description
Excellent opportunity for investors or to acquire a three-story masonry property in Philadelphia, offered AS-IS. This property provides a strong footprint with multiple exit strategies including buy-and-hold rental, renovation, or repositioning.Built in 1925, the home offers approximately 2,452 square feet of above-grade living space and includes a private driveway. The classic masonry construction supports long-term durability and renovation potential.The property currently presents an opportunity to renovate and stabilize for rental income. Projected market rent supports strong upside, with comparable properties in the area achieving competitive rents following renovation. Low annual real estate taxes of approximately $991 enhance cash-flow potential once stabilized.Located in an established Philadelphia neighborhood with access to public transportation, shopping, and local amenities, this asset is well-positioned for long-term demand.
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5BEDS
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0.07ACRES
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2BATHS
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11/2 BATHS
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2,452SQFT
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$90$/SQFT
Description
Excellent opportunity for investors or to acquire a three-story masonry property in Philadelphia, offered AS-IS. This property provides a strong footprint with multiple exit strategies including buy-and-hold rental, renovation, or repositioning.Built in 1925, the home offers approximately 2,452 square feet of above-grade living space and includes a private driveway. The classic masonry construction supports long-term durability and renovation potential.The property currently presents an opportunity to renovate and stabilize for rental income. Projected market rent supports strong upside, with comparable properties in the area achieving competitive rents following renovation. Low annual real estate taxes of approximately $991 enhance cash-flow potential once stabilized.Located in an established Philadelphia neighborhood with access to public transportation, shopping, and local amenities, this asset is well-positioned for long-term demand.
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