$225,000
$239,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2 Baths
1,528 SqFt
SOLD DATE : 03/17/2020
Key Details
Sold Price $225,000
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,528 sqft
Price per Sqft $147
Subdivision Brewerytown
MLS Listing ID PAPH855210
Sold Date 03/17/20
Style AirLite
Bedrooms 5
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,528
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $994
Tax Year 2020
Lot Size 840 Sqft
Acres 0.02
Lot Dimensions 14.00 x 60.00
Property Description
This is an investor s HOME RUN This 4 story, spacious property with high ceilings is a block from Girard College, a couple blocks from Saint Joseph s High School!!! Hottest developing area in the city-BREWERYTOWN!!. New construction literally on every block(2 houses from this property). The pictures of the new construction projects are literally on the same block as this property! The development opportunities are endless. Duplex, triplex or large single home! Any work at this price. INSTANT equity/profit no matter what path you choose. The HARD LABOR has already been done on this property!. This property is literally weeks away from being DRYWALL READY ! The following is a glimpse at the tremendous amount of work that has been done. All plastered walls and flooring have been removed and new plywood has been installed for flooring. Joist work has been completed. The basement has been dug out (13 inches down) to make it a space that can be used as livable . A 12 by 12 trench was dug around the entire perimeter of the basement. A 4 slab was poured in the entire basement using 9 yards of concrete on top of the pound trench. The back wall was cut out in the basement and an egress window was installed and concrete headers for support. The wall on the third floor was cut out to accommodate a large window an installed a double header for support. Chimney work has been completed on this property. Many of the walls have had bonding work completed. This is just a snapshot of the tremendous amount of work that has been done on this property.Give me a call and I can discuss in greater detail the work that has been completed. SIMPLE MATH: $239,000 purchase price plus $200,000 improvement costs equals 439,900 total cost of the project. Properties selling in the neighborhood with similar square footage range from $600,000 to $800,000!!!! This is a no brainer for an investor looking to get into this neighborhood!EXTRA BONUS: Vacant lot next to this property may be able to be purchased from the city. This won t last long at this price in this zip code-Act Fast!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full
Main Level Bedrooms 5
Interior
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Story 3+
Sewer Other
Water Public
Architectural Style AirLite
Level or Stories 3+
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Bache-Martin
High Schools Robert Vaux
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 291302500
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Minh L Thai • Maximum Realty, LC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "