Photos Link
https://photos.app.goo.gl/Joi441hFDDhsZRz56
By The Numbers
- Current AS-IS value: $190,000
- Purchase Price: $165,000
Highlights
- Finished basement, central AC
- Turn-key / Light Rehab
- Great rental or flip opportunity
Property Details
- Beds: 3
- Baths: 1.5
- Square Footage: 1,042 sqft
- Lot Size: 750 sqft
- Year Built: 1925
- Zoning: Residential
- Stories: 2
- Heat: Baseboard, electric. Condition and age approx. 4 years old.
- Cooling: Central AC. Condition and age approx. 4 years old.
- Electric: 200 Amp Age unknown.
- Plumbing: Mix. Upgraded about 4 years ago.
- Water: Public
- Sewer: Public
- Roof: Shingle, Age unknown. No Leaks
- Foundation: Masonry
- Windows: Vinyl, double pane
- Water Heater: Electric. Condition and age unknown.
- Garage: None
- Features: Finished basement
- Flooring: Mixed, LVP and Tile
- Flood Zone: No
- Mold Noted: No
- Water Damage: No
- Water in Basement: No
Rental Comps
Median Rents for 3 bed 1.5-2 bath within .5 miles in last 24 months: $1613
Section 8 Rate for 3 bed: $1950
Section 8 Rates for Philadelphia County
Estimated Rental Analysis
Cap: 8.5% – 10.5%
Comparable Sales
*these comps are all pulled from Zillow.com, we recommend any potential investor do their own due diligence and use these as a point of reference only
ARV (After Repair Value) Estimate
- Average PPSF: $192
- Subject Property Finished Sqft: 1,042
- ARV Estimate: $195,000 – $205,000
Town Overview
Economic/Jobs: West Philadelphia is a diverse area with a mix of residential, commercial, and educational sectors that influence its economy. Historically, the neighborhood has been a blend of working-class and middle-class communities, with a strong presence of universities and medical institutions. West Philadelphia’s economy is shaped by a blend of academic, medical, and small business sectors, with opportunities in education, healthcare, and tech.
Education: Education in West Philadelphia is shaped by a combination of public schools, higher education institutions, and community-based programs. Collaboration between local universities and schools like St. Joseph’s provides students with access to mentorship, scholarships, and enrichment programs.
Lifestyle & Amenities: West Philadelphia offers a vibrant, diverse lifestyle with a mix of urban energy, cultural richness, and community-focused amenities. The area has evolved in recent years, blending a long-standing history with modern developments, and it appeals to a wide range of residents, from students and professionals to families and longtime locals. West Philadelphia’s lifestyle is a dynamic mix of urban living, cultural richness, and educational influence. Its diverse population, affordable housing options, and proximity to green spaces make it an attractive place to live. With its range of amenities, from healthcare to shopping to recreation, West Philly offers a well-rounded, community-focused lifestyle
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Max Melito: 814-250-3829
- Email: max@melitoandkoch.com
- Website: melitoandkoch.com
Disclosures
- ORAL CONSUMER NOTICE:
We are agents, but not YOUR agent until a representation agreement is signed. Real Estate Law requires us to provide a written notice describing various business relationships you may have with a real estate licensee. Information shared at this time is not confidential unless a business relationship is established. - HOLD HARMLESS ACKNOWLEDGEMENT:
All investment data is for informational purposes only. Real estate investment carries inherent risk. The Melito & Koch Team and associated entities are not liable for any reliance on the data provided. Always conduct your due diligence and consult financial/legal advisors. - DUE DILIGENCE:
This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.