Investments Sales Management

Traditional, Straight Thru

1623 N 61ST STREET

PHILADELPHIA, PA 19151

MLS#: PAPH2456794

$95,000

Status: Closed
Listing number: PAPH2456794
Listing provided by: Livewell Properties
Listing agent phone: None
Last update: 1 year, 7 months ago
On site: 1 year, 8 months ago
Browse Properties
OVERBROOK PARK - Residential

Property

Beds

4

Full Baths

1

1/2 Baths

None

Year Built

1925

Sq.Footage

1,342

Prime Investment Opportunity: 4-Bedroom Home with Immediate Equity & Strong Cash Flow Potential Discover an incredible investment opportunity with this spacious 4-bedroom, 1,350+ sq. ft. residential home in Overbrook Park. This property offers significant potential for both immediate equity gains and long-term cash flow. Heating system and hot water heater recently replaced, electrical system in good condition and also recently updated. Strong Rental Demand: Eligible for the PHA Housing Choice Voucher Program, guaranteeing $2,510/month in rental income.Equity Upside: Renovation offers the chance to unlock immediate significant equity, making it a smart addition to your portfolio. Generous Layout ideal for families seeking spacious accommodations. Basement is enormous with high ceilings, great value add opportunity to add additional bathrooms and/or finish the basement and potentially add a 5th bedroom for an increase in cashflow and equity. After repair value between: $275K-$325K depending on finishes and additional upgrades. Whether you're an investor looking to flip for a profit or seeking a property to hold for consistent rental income, this opportunity checks all the boxes. Don't miss your chance to secure this promising asset and capitalize on its earning potential! Close to multiple public transportation routes, just a 20 minute commute to Center City and ease of access to anywhere on the mainline or Delco, with a 20-30 minutes to PHL Airport depending on traffic. Home offered AS-IS. Must provide 10% Deposit with Offer and provide proof of funds.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    1

  • Above Grade Finished Area

    1342.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Radiant

  • Main Level Bedrooms

    4

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,350

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Traditional, Straight Thru

Price

  • Sales Price

    $95,000

  • Tax Amount

    $2,213

  • Sq. Footage

    1,342

  • Price/SqFt

    $70

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Brick/Mortar

  • Senior Community YN

    NO

  • Sewer

    Septic Tank

  • Tax Lot

    62

  • Water Source

    Public

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Location

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Listing Courtesy of Lauren Cierra Saidu-Kamara, Livewell Properties

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Agent Nick Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Nick Polinchock

Call Nick today to schedule a private showing.

(267) 614-1331

(215) 821-8836

nick@tntrealestatesolutions.com


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Prime Investment Opportunity: 4-Bedroom Home with Immediate Equity & Strong Cash Flow Potential Discover an incredible investment opportunity with this spacious 4-bedroom, 1,350+ sq. ft. residential home in Overbrook Park. This property offers significant potential for both immediate equity gains and long-term cash flow. Heating system and hot water heater recently replaced, electrical system in good condition and also recently updated. Strong Rental Demand: Eligible for the PHA Housing Choice Voucher Program, guaranteeing $2,510/month in rental income.Equity Upside: Renovation offers the chance to unlock immediate significant equity, making it a smart addition to your portfolio. Generous Layout ideal for families seeking spacious accommodations. Basement is enormous with high ceilings, great value add opportunity to add additional bathrooms and/or finish the basement and potentially add a 5th bedroom for an increase in cashflow and equity. After repair value between: $275K-$325K depending on finishes and additional upgrades. Whether you're an investor looking to flip for a profit or seeking a property to hold for consistent rental income, this opportunity checks all the boxes. Don't miss your chance to secure this promising asset and capitalize on its earning potential! Close to multiple public transportation routes, just a 20 minute commute to Center City and ease of access to anywhere on the mainline or Delco, with a 20-30 minutes to PHL Airport depending on traffic. Home offered AS-IS. Must provide 10% Deposit with Offer and provide proof of funds.

1623 N 61ST STREET

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