PHILADELPHIA - TURNKEY TRIPLEX - NEW REHAB - $150,000
1223 S 52nd St
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Hey BP! This property is offered exclusively to the BP community for a few days before I put it on the open market. Hoping to find a serious buyer who recognizes this as a good deal, and to avoid some of the tire-kickers.
This turn-key triplex is for sale in SW Philly, on a main avenue and a good block. This is a full rehab that I own (not an assignment deal, REO, short sale, etc.) and I was actually planning to keep it myself, but I already own a lot of these and I would rather cash out in order to fund other projects.
I am just putting on the finishing touches now (painting the front porch, etc.). Only thing it needs is appliances (will let the buyer provide their own). Come and take a look yourself, the list of work is extensive.
Separated utilities (gas & electric). Super low taxes at only $405 per year! These types of investor-friendly rehabs don't come on the market very often, and this one is priced to sell.
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Property will realistically rent for $2,000/month:
1BR 1st fl/basement: $550
2BR 1st fl/2nd fl: $650
3/4BR 2nd fl/3rd fl: $800
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Pics: https://www.dropbox.com/sh/cpt3ofcefauf8n6/AAAi7k-...
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Rehab list:
-Remove mold areas in drywall & repair damaged areas, spackle & paint entire property
-Replace damaged entry doors & interior doors & door hardware
-Replace non-working windows, put screens in all windows
-Capping of all windows
-Install vinyl flooring in kitchens and bathrooms & basement
-Install carpet in all bedrooms & commercial carpet in common hallways
-New roof
-Cut down all trees in yard
-Clean out backyard and concrete where needed
-Concrete front entire sidewalk and broken step
-Granite with sinks and faucets, and repair/replace cabinets in kitchens
-Fix electrical issues where needed
-Replace light fixtures & install new outlets and switches
-Repair damaged plumbing & replace water lines that were cut out for copper
-Repair/replace toilets & tubs & vanities & faucets & mirrors, as needed
-Paint cornice in front of house
-Install missing trim throughout
-Porch repairs, including soffit, and painting
-Smoke & CO alarms throughout
-Repairs to heating systems & hot water heaters, as needed
-Above range microwaves in all units