Available
$109,999(ARV: $425,000)26% of ARV

Philadelphia County, Philadelphia, PA 19138

0 bd0 ba3,600 sfBuilt 1925

7 days ago

Gross spread$315,001

Description

PHILADELPHIA VALUE-ADD REDEVELOPMENT | 3,600 SF | Former Duplex | RSA-5 Zoning | Huge Upside! Purchase Price: $109,999 Buy It Now: $112,000 For Access & Details Contact This is the type of Philadelphia redevelopment opportunity that experienced investors wait for. Located in the desirable Ogontz/Belfield neighborhood just minutes from La Salle University, this approximately 3,600 square foot building offers tremendous upside for investors looking to renovate, reposition, or redevelop. The property was previously utilized as a duplex and is currently zoned RSA-5 (Residential Single-Family Attached). Buyers should perform their own due diligence with the City of Philadelphia regarding permitted uses, but its history as a multi-unit property presents a compelling opportunity to explore restoration as a duplex, owner-occupied income property, or other redevelopment possibilities where permitted. The size and layout may also appeal to investors evaluating mixed-use or commercial conversion potential through the appropriate zoning or variance process. Investment Highlights Approximately 3,600 SF of usable space Massive full-gut redevelopment opportunity Former duplex configuration Current RSA-5 Residential Attached zoning Minutes from La Salle University Excellent candidate for: Duplex restoration (buyer to verify) High-end residential conversion Student housing strategy Long-term rental investment House hack Value-add redevelopment Property Condition This is a true full renovation. The structure has already undergone portions of demolition and framing, allowing the next investor to continue the project rather than starting from scratch. Expected possible scope includes: Electrical Plumbing HVAC Drywall Kitchens Bathrooms Flooring Windows (verify as needed) Roofing evaluation Exterior improvements Finish carpentry Mechanical completion Final permits and finishes Estimated Rehab: $125,000-$200,000 Value & ARV Potential We are underwriting this project using a very conservative ARV of approximately $425,000, with additional upside possible depending on the final approved use and renovation quality. There are comps to support up to 575k + Rental Potential Several exit strategies exist depending on the buyer's intended use and municipal approvals. Potential strategies include: Long-term rental Duplex income property (buyer to verify) Student housing BRRRR High-end resale Owner-occupant with supplemental rental income (buyer to verify) With La Salle University nearby and continued investment throughout the Ogontz area, demand for quality renovated housing remains strong. Location Advantages Minutes from La Salle University Strong rental demand Easy access to major transportation Walkable neighborhood Ongoing neighborhood revitalization Close to shopping, schools, parks, and employment centers Excellent public transit accessibility and neighborhood walkability. Deal Summary Purchase Price: $109,999 Buy It Now: $112,000 Estimated Rehab: $125,000-$200,000 Estimated ARV: ~$425,000 Occupancy: Vacant Zoning: RSA-5 Residential Attached (Former duplex; buyer to independently verify allowable future uses with the City of Philadelphia.) For Access, Additional Information, or any questions you may have. Call or Text Evan at [contact details hidden]! Need Funding? EZ Funding can help qualified investors finance both the purchase and renovation of this project. Whether you're planning to flip, BRRRR, or hold as a rental, ask Evan about available lending options designed specifically for investment properties. For Access, Funding Options & Offers: Opportunities of this size, price point, and redevelopment potential in Philadelphia don't stay available for long. Bring your contractor, verify your vision, and capitalize on the upside.

$/sqft vs market

This deal$31/sqft
Market median$169/sqft
Difference82% below

Median of 30 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms0
Bathrooms0
Square feet3,600
Lot size2,788 sf
Year built1925
ConditionFull Rehab
OccupancyVacant
ParkingOn street

Systems & condition

HeatingBoiler
Air conditioningNone
FoundationSlab
Foundation conditionGood

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing294
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