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Archived almost 3 years ago

$125,000

4 bd ba 1328 sqft

112 Madison Ave, Prospect Park, PA 19076

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$2,200

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Fire damaged Delco FLIP or BRRRR

Here is your opportunity to pick up your next project just in time for the Spring 2023 market! This detached two story cape-cod style home is in need of significant renovation throughout due to fire damage but has all the makings of a great home including a flat lot, off street parking, a short walk to nearby amenities and and easy access to I-95 (a 2 minute drive) and the Philadelphia International Airport (just a 7 minute drive). Buyer is responsible for all municipal requirements/U&O certificates. The property is being sold as-is and the seller will make no repairs. Do not walk the property without a confirmed appointment.

Location:

112 Madison Ave, Prospect Park, PA 19076

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† 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.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.