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🏚 Elmwood - Southwest Philly Duplex 🔥 Cheapest Available - Huge Potential 💸

Philadelphia County, Philadelphia, PA, 19142
Sold
Listed at: August 7th, 2023
Price
$60,000
ARV
$200,000
Gross Margin
$140,000
48 pictures, show all
Sq. Footage
1222
Type
Multifamily
Parking
Garage
Year build
1925
Lot size
0.03 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Located in the Elmwood neighborhood of Southwest Philly this 2 family dwelling will make for a great cash cow or potential flip opportunity. Zoned RM-1 this property is a LEGAL 2 unit; all utilities are separate. In need of a significant rehab. Video walkthrough is of the upstairs unit. Downstairs unit is occupied but will be delivered VACANT.

Property Details:

  • Upstairs: 2 bed, 1 bath
  • Downstairs: 1 bed, 1 bath
  • Sqft:  1,222
  • Lot Size Sqft: 1,120
  • Year Built: 1925
  • Heat: Radiant
  • AC: Window Units
  • Zoning: RM-1
  • Utilities are separated
  • Garage and off street parking spot

Property Condition:

  • Significant rehab needed
  • Roof replaced 5yrs ago
  • Furnace age unknown
  • Water heater age unknown
  • Delivered VACANT

Sold Comps:

6403 Dicks Ave - 202k - 03/15/23

https://www.zillow.com/homedetails/6403-Dicks-Ave-Philadelphia-PA-19142/10412655_zpid/

6525 Guyer Ave - 180k - 07/06/23

https://www.zillow.com/homedetails/6525-Guyer-Ave-Philadelphia-PA-19142/10412929_zpid/

6422 Chelwynde Ave - 179k - 04/28/23

https://www.zillow.com/homedetails/6422-Chelwynde-Ave-Philadelphia-PA-19142/10412623_zpid/

*Comps are SFH in the area**


REACH OUT TODAY! 610-202-5440

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Deal is not final until EMD is received. All deals are to be Cash, Private Money, Or Hard Money Only unless otherwise indicated. We are selling our assignable contract with the seller of the property. No Conventional or FHA Financing option unless otherwise indicated. All properties are sold as-is, where-is. No contingencies are accepted of any kind. The buyer must complete all and their own due diligence before the execution of the contract. Information is gathered from public sources and we make no representations or warranties of any kind. The buyer will be responsible for all closing costs unless otherwise indicated. Buyers will need to provide a non-refundable deposit at time of contract.
Videos

Chelwynde Ave - Upstairs Unit

Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nathaniel Beekman

★★★★★
★★★★★
No reviews

Disposition manager