$140,000
14xx S 23rd, Philadelphia, PA 19146
Current Rent **
N/A
Projected Rent **
N/A
140k POINT BREEZE PROPERTY (16ft frontage)
The property is no the 1400 block of S 23rd it is a 1,518sqft property on a 16x60 lot with 4 bedrooms. We are selling at 140k, the property does have smoke damage but has no structural damage due to fire. We had an engineer look at the property and I can show you the report which states "The brick masonry party wall shared with the adjacent fire damaged unit was not structurally damaged and was in stable condition. Structural damage was limited to the rafters and roof deck" My contractor has looked at the property and can get this done for under 100k no problem, this would make your finished product a 3/2.5 with a skylight to the first floor.
This property will sell for 330k no problem, one on the block just got 329k, here are the comps - PEN 1410 S 23rd sold for 329kSET2218 Reed sold for 327k2239 Reed sold for 350kAlso, the one on the block got 329k in the middle of the winter and as we know properties sell faster and at a higher price in the spring which is when you will be listing. Here is more info on that - https://www.andagaininvestments.com/blog/the-best-time-to-invest-in-philadelphia
Location:
14xx S 23rd, Philadelphia, PA 19146
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† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
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