Available
$69,999(ARV: $185,000)38% of ARV

Philadelphia County, Philadelphia, PA 19138

2 bd1 ba848 sfBuilt 1920

7 days ago

Gross spread$115,001

Description

Purchase Price: $69,999 Buy It Now: $72,222 For Access & Additional Information Contact: Solid Philadelphia Rowhome with Strong Rental Potential If you're looking for an affordable entry into the Philadelphia market, this brick rowhome offers multiple exit strategies with upside for both landlords and value-add investors. This 2-bedroom, 1-bath property features approximately 848 square feet, a finished basement, and sits in the established Ogontz neighborhood of Northwest Philadelphia. Public records indicate the home was built in 1920 and is zoned for residential rowhouse use. While the property is in need of renovation, much of the heavy lifting starts with a solid structure and classic Philadelphia rowhome layout. This is an excellent candidate for investors looking to renovate and either build long-term equity through rental income or execute a BRRRR strategy. Investment Highlights 2 Bedrooms / 1 Bathroom Approximately 848 SF Finished Basement Brick Construction Strong Rental Market Great BRRRR Candidate Buy & Hold Opportunity Public Water & Sewer Multiple Exit Strategies Buy & Hold (Recommended) Philadelphia continues to be one of the country's strongest rental markets for affordable housing. After renovation, this property has the potential to generate consistent monthly cash flow while benefiting from long-term appreciation. Estimated market rent: $1,350-$1,550/month BRRRR Renovate, stabilize with a tenant, refinance, and hold as a long-term income-producing asset. The manageable size helps keep renovation costs under control while providing an attractive finished product for tenants. Fix & Flip For experienced rehabbers who can efficiently manage costs, there may be an opportunity to renovate and resell. However, we believe the strongest exit strategy is long-term ownership and cash flow. Estimated Numbers Estimated ARV Approximately $150,000 Renovated homes of similar size and style in the surrounding area have demonstrated resale potential into the mid-$100,000s, supporting our projected after-repair value. Buyer to verify all comparable sales independently. Estimated Rehab Approximately $45,000-$60,000 Potential scope may include: Kitchen renovation Bathroom renovation Flooring Interior paint Drywall repairs Electrical updates Plumbing repairs HVAC evaluation Exterior stucco repairs Miscellaneous cosmetic improvements Buyer to complete their own inspections and due diligence. Why We Like This Deal Finding Philadelphia rowhomes at this price point with room for value creation is becoming increasingly difficult. This property offers investors an opportunity to create equity through renovation while positioning themselves in a market with steady rental demand. Whether your goal is monthly cash flow, refinancing into a long-term hold, or completing a value-add project, this property provides several viable paths to profitability. EZ Funding Available Need financing? Our lending partners offer financing solutions for qualified investors, including: Purchase Financing Rehab Financing Bridge Loans DSCR Rental Loans Ask Evan for more information. Property Information 2 Bedrooms 1 Bathroom Approximately 848 SF Finished Basement Brick Rowhome Built 1920 Public Water & Sewer For Access, Additional Photos, Showing Instructions, or Questions: Buyer Notice Buyer to verify all information including square footage, condition, zoning, rental projections, ARV, permits, and renovation costs. All estimates are provided as opinions only and should be independently confirmed through buyer due diligence.

$/sqft vs market

This deal$83/sqft
Market median$203/sqft
Difference59% below

Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms2
Bathrooms1
Square feet848
Lot size990 sf
Year built1920
ConditionFull Rehab
OccupancyTenant Occupied
ParkingOn street

Systems & condition

HeatingOther
Air conditioningNone
FoundationOther
Foundation conditionPoor

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file0
Views on the source listing95
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