3424 N REESE ST, Philadelphia, PA 19140 – PAPH2371172

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$87,000

Est. payment - /mo

650 SqFt

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UPDATED:

09/18/2024 04:33 AM

Key Details

Property Type 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

Investor Special in the Heart of Fairhill!

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

Water Access N

Accessibility 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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Listed by Timothy Eiland • KW Empower

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262