Fairmount, Philadelphia Multi-Unit Rehab!

[Todd Rainey]

This is one of the most desired blocks in the Fairmount section of Philadelphia. There are so many exit strategies for this particular deal! This is a 3-story home with a beautiful shell! It needs some love inside to bring it back to life! Currently Zoned CMX-2 (No option on BP for that) with the following layout:

First Floor: Commercial space (Grocery or retail)

Second Floor: 2 bed 2 bath unit

Third Floor: 2 bed 2 bath unit

Comps in the area for 2 bed 2 bath: $325,000

A sold as-is comp for commercial space: $272,000

Fix and sell all three, hold the apartments and sell commercial space, rent out the entire building! There are so many ways to make a killing on this!