Philadelphia County, Philadelphia, PA 19131
3 bd2 ba1,290 sfBuilt 1925
Gross spread$80,000
Description
Investor Price: $125,000 Projected ARV: $205,000 Projected Rent: $1,500–$1,800/Month Estimated Cosmetic Rehab: $25,000–$35,000 3 Bedrooms | 1 Bathroom | 1,434 Sq. Ft. The Opportunity Off-market Philadelphia value-add with strong flip and rental potential. The property is currently tenant occupied but will be delivered vacant at closing, allowing the buyer to begin renovations immediately without inheriting the existing tenant situation. The house is not being represented as a complete gut renovation. The seller reports the roof and plumbing are in good condition, the water service box was recently upgraded, and the basement was improved in 2018. The primary renovation scope is paint, flooring, cosmetic updating and installation of a modern HVAC system. Investment Highlights Delivered vacant at closing Buyer will not inherit the current tenants Approximately $80,000 spread between purchase price and projected ARV Existing rental history at $1,500 per month Market rent projected around $1,500–$1,800 per month Full basement finished in 2018 Roof reportedly in good condition Plumbing reportedly operating properly Recently upgraded water service box Strong 3-bedroom rental layout Primarily cosmetic interior renovation Suitable for a flip, BRRRR or long-term rental strategy No probate issue; estate process has been completed Property Details 3 bedrooms 1 bathroom Approximately 1,434 square feet Philadelphia rowhome Full basement Oil heat Central HVAC installation recommended Built in 1925 Approximately 1,550-square-foot lot Suggested Renovation Scope Interior paint Flooring replacement or refinishing Kitchen and bathroom cosmetic updates as needed General interior punch-out HVAC installation Tenant-turnover cleanup Exterior cleanup and curb-appeal improvements Comparable Sale Support 5724 Hunter St 3 beds / 1.5 baths / 1,434 sq. ft. Sold for $204,900 2022 N 56th St 3 beds / 1 bath / 1,380 sq. ft. Sold for $169,900 5787 Hunter St 3 beds / 1.5 baths / 1,120 sq. ft. Sold for $230,000 5755 Stewart St 3 beds / 1 bath / 1,046 sq. ft. Sold for $170,000 Comparable results vary materially by renovation level and bathroom count, supporting a projected ARV of approximately $190,000–$205,000, with $205,000 requiring a clean retail renovation. Rental Support 1456 N 56th St: 3/1 – approximately $1,500/month 1551 N Allison St: 3/1 – approximately $1,600/month 5711 Dunlap St: 3/1 – approximately $1,800/month 1313 N 51st St: 3/1 – approximately $1,450/month A renovated subject should reasonably target approximately $1,600–$1,800 per month, subject to final condition and tenant screening. Access and Terms Property is currently occupied Vacant possession will be provided at closing Do not approach the occupants or visit without authorization Access by confirmed appointment only Cash or verified hard-money buyers Proof of funds required Property sold strictly as-is Buyer responsible for all due diligence Buyer pays closing costs Nonrefundable earnest money required upon execution First qualified buyer to execute and fund secures the deal
$/sqft vs market
Median of 8 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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