OFF-MARKET – South Philly Flip! The picture perfect “grandma house” ready to be rehabbed, fresh renovations underway on the block already, and at a .1 distance of rehabs selling as high as $250K! The property has good bones and is structurally sound throughout but will need a full cosmetic rehab to bring it top market value. Investors struggle to get a deal at this price in this quietly booming section of South Philadelphia. This house is steps to Tap Room on 19th, ARS Brewing (slated to open this summer), a revitalized Girard Park, and just a 10 minute walk to all the action on East Passyunk Avenue. Come see why buyers are stretching their dollars in a safe tree-lined area still convenient to all of the major highways and public transportation. Call to schedule an appointment and do it quick because this property will not last long!
Estimated repairs of $55,000, ARV of $225k – there is plenty of spread in this South Philly Fixer Upper!
Nearby Comps –
2238 S Bancroft St – SOLD in 16 days, price: $245,000
2350 S Lambert St – SOLD in 4 days, price: $260,000
2320 S Bancroft St – PENDING in 29 days, price: $247,000