MLS® ID: PAPH853276

1315 N 23RD STREET

PHILADELPHIA, Pennsylvania, 19121

$239,900 Pending
  • 1528 SQFT
This is an investor~s ~HOME RUN~ This 4 story, spacious property with high ceilings is a block from Girard College, a couple blocks from Saint Joseph~s High School!!! Hottest developing area in the city-BREWERYTOWN!!. New construction literally on every block(2 houses from this property). The pictures of the new construction projects are literally on the same block as this property! The development opportunities are endless. Duplex, triplex or large single home! Any work at this price. INSTANT equity/profit no matter what path you choose. The ~HARD LABOR~ has already been done on this property!. This property is literally weeks away from being ~DRYWALL READY~! The following is a glimpse at the tremendous amount of work that has been done. All plastered walls and flooring have been removed and new plywood has been installed for flooring. Joist work has been completed. The basement has been dug out (13 inches down) to make it a space that can be used as ~livable~. A 12 by 12 trench was dug around the entire perimeter of the basement. A 4~ slab was poured in the entire basement using 9 yards of concrete on top of the pound trench. The back wall was cut out in the basement and an egress window was installed and concrete headers for support. The wall on the third floor was cut out to accommodate a large window an installed a double header for support. Chimney work has been completed on this property. Many of the walls have had bonding work completed. This is just a ~snapshot~ of the tremendous amount of work that has been done on this property.Give me a call and I can discuss in greater detail the work that has been completed. SIMPLE MATH: $239,000 purchase price plus $200,000 improvement costs equals 439,900 total cost of the project. Properties selling in the neighborhood with similar square footage range from $600,000 to $800,000!!!! This is a ~no brainer~ for an investor looking to get into this neighborhood!EXTRA BONUS: Vacant lot next to this property may be able to be purchased from the city. This won~t last long at this price in this zip code-Act Fast!
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Listing courtesy of Noble Realty Group

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19121
  • Office name
    Noble Realty Group
  • SQFT
    1528
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RM1
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1920
  • Lot size
    0.02
  • Sewer
    Other
  • Heating
    None
  • Agent name
    Adam Daniel Bachmann
  • Purchase Type
    Active
  • Price Range
    $200k-$300k
  • Square Feet Range
    1500-2000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    NOBLEGP
  • Agent ID
    3225032

Location

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