Rental in Germantown Area of Philadelphia, Pa! Rock Bottom Price!

[Shawn Connors]

Hey BP,

We have a rental unit for sale in the Germantown section of Philadelphia. The current unit is 2 bedrooms with a possible 3rd bedroom in the basement. One room is currently rented out at $450 and the other room could be rented for $450-$500. ***Owner is in the process of removing the tenant*** The property is in good shape all around and is move in ready. The roof, windows, furnace and hot water heater are all working and in order.

Asking Price- 40k

Estimated Repairs- 10k-15k

Estimated ARV- 85k-95k

Estimated Rent- $900-$1000

Comps:

5103 Stenton Ave, Philadelphia, PA 19144 3 beds, 1 bath 1344 sq ft Sold For 130k

255 E Penn St, Philadelphia, PA 19144 3 beds, 1.5 baths, 1068 sq ft Sold For 90k

494 E Penn St, Philadelphia, PA 19144 2 beds, 1 bath, 750 sq ft Sold for 40k (Cash, Fixer)

463 E Penn St, Philadelphia, PA 19144 2 beds, 1 bath, 858 sq ft Sold for 51k (Cash)

541 E Penn St, Philadelphia, PA 19144 3 beds, 1 bath, 1070 sq ft Sold for 41.5k (Cash, Fixer)

4974 Rubicam St, Philadelphia, PA 19144 3 beds, 1 bath, 1180 sq ft Sold for 48k (Cash, Fixer)

96 E Ashmead St, Philadelphia, PA 19144 3 beds, 1.5 baths, 1092 sq ft Pending at 95k

**Please respond with you name, number and email ****As-is sale. Cash or hard money preferred. Asking price is 50k O.B.O. Contact me to set up a time to view the property.**

https://drive.google.com/file/d/0B8GT9qT98LG2TXpFc...