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650 SqFt
650 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 650 sqft
Price per Sqft $133
Subdivision Fairhill
MLS Listing ID PAPH2371172
Style Traditional
Abv Grd Liv Area 650
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $565
Tax Year 2024
Lot Size 535 Sqft
Acres 0.01
Lot Dimensions 13.00 x 41.00
Property Description
Introducing an exceptional investment opportunity at 3224 N Reese Street, Philadelphia, PA 19140. This duplex, priced at just $87,000, presents a unique chance for investors to acquire a property with substantial potential in the vibrant Fairhill neighborhood.
Property Features:
Type: Duplex
Location: 3224 N Reese Street, Philadelphia, PA 19140
Price: $87,000
Condition: Property has been cleaned out and is ready for rehab
Unit Configuration: Suitable for conversion into multiple rental units
Investment Highlights:
Current Market Rents: The Fairhill area boasts strong rental demand, with current market rents for 1 bed, 1 bath units ranging from $800 to $900 per month.
Value-Add Potential: This property offers significant potential for value addition through strategic renovations. Investors can capitalize on the increasing demand for quality rental units in this up-and-coming neighborhood.
Prime Location: Situated in the Fairhill neighborhood, the property is in close proximity to public transportation, shopping centers, schools, and recreational facilities, enhancing its appeal to prospective tenants.
This property represents an ideal investment for those looking to expand their portfolio in a high-demand rental market. With a little renovation, this duplex can be transformed into a lucrative income-generating asset.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RM1
Rooms
Basement Partially Finished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Ductless/Mini-Split
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available None
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 193157300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, FHA 203(k), Conventional
Listing Terms Cash, FHA 203(k), Conventional
Financing Cash,FHA 203(k),Conventional
Special Listing Condition Standard
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