Description
Come check out this multi-family rehab investment project in the heart of Sharswood. Surrounded by new construction going up on every block. This property is currently split into 3 units; a Studio / 1 bath, a 1 bedroom / 1 bath , & a 2 bedroom / 1 bath. This building needs a full rehab adding a 3rd story and finishing the large basement for a 3,600 sq.ft. triplex with a preexisting PARKING GARAGE. Each unit would consist of a 2 bed / 2 bath roughly 1000-1200 sq.ft. Total construction estimate for all 3 units is roughly $300,000 with an ARV in the $700,000's. Projected cash flow for this building after rehab is $72,000 / year. Owner is a licensed contractor and willing to provide construction services. Building was originally zoned RM1 multi-family before the City of Philadelphia blanketed the entire block as RSA5. Inquire for more details.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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1,808SQFT
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$147$/SQFT
Description
Come check out this multi-family rehab investment project in the heart of Sharswood. Surrounded by new construction going up on every block. This property is currently split into 3 units; a Studio / 1 bath, a 1 bedroom / 1 bath , & a 2 bedroom / 1 bath. This building needs a full rehab adding a 3rd story and finishing the large basement for a 3,600 sq.ft. triplex with a preexisting PARKING GARAGE. Each unit would consist of a 2 bed / 2 bath roughly 1000-1200 sq.ft. Total construction estimate for all 3 units is roughly $300,000 with an ARV in the $700,000's. Projected cash flow for this building after rehab is $72,000 / year. Owner is a licensed contractor and willing to provide construction services. Building was originally zoned RM1 multi-family before the City of Philadelphia blanketed the entire block as RSA5. Inquire for more details.
©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shawn Martin Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-06-05T23:50:45.963.