Patterson-Schwartz Real Estate1623 N 61St Street, Philadelphia, PA 19151-3930 $107,500
Interior Sq. Ft: 1,342
Acreage: 0.03
Age:100 years
Style:
Traditional, Straight Thru
Subdivision: Overbrook Park
Design/Type:
Interior Row/Townhouse
Description
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.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - 60+ Gallon Tank, Public Water, Public Septic, 100 Amp Service
Garage/Parking
On Street
Interior
Full Basement, Unfinished Basement
Exterior
Brick/Mortar Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (116 schools)
Public Middle (20 schools)
Public High (47 schools)
Private (127 schools)
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This report is a detailed community overview for Philadelphia (19151), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $41,156
Community Summary
- Population Density (ppl / mile): 13,840
- Household Size (ppl): 2.80
- Households w/ Children: 70%
Housing Inventory
- Owned: 7,802 (57.7%)
- Rented: 3,978 (29.4%)
- Vacant: 1,737 (12.9%)
- Total: 13,517
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.6%
- Some High School: 6.2%
- High School Graduate: 33.4%
- Some College: 24.5%
- Associate Degree: 6.2%
- Bachelor's Degree: 16.8%
- Graduate Degree: 11.3%
Income by dollar range
Median Income: $49,788
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $817
- One Bedroom: $745
- Two Bedroom: $944
- Three Bedroom: $1,225
- Four Bedroom: $1,421
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6060
Listing Courtesy of: Livewell Properties , (610) 551-4844, lauren@lwp-inc.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 3/18/2025.
