1424 N 24th St

Philadelphia PA 19121

2712 sq. ft.

1126 sq. ft.

Duplex

Currently for sale - view listing

Overview

Come check out this multi-family rehab investment project in the heart of Sharswood. Surrounded by new construction going up on every block. This property is currently split into 3 units; a Studio / 1 bath, a 1 bedroom / 1 bath , & a 2 bedroom / 1 bath. This building needs a full rehab adding a 3rd story and finishing the large basement for a 3,600 sq.ft. triplex with a preexisting PARKING GARAGE. Each unit would consist of a 2 bed / 2 bath roughly 1000-1200 sq.ft. Total construction estimate for all 3 units is roughly $300,000 with an ARV in the $700,000's. Projected cash flow for this building after rehab is $72,000 / year. Owner is a licensed contractor and willing to provide construction services. Building was originally zoned RM1 multi-family before the City of Philadelphia blanketed the entire block as RSA5. Inquire for more details.

Features

2 bedrooms

1 carspace

1 garage space

2712 sq. ft. floor area

1126 sq. ft. lot size

Duplex

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