1623 N 61St Street, Philadelphia, PA 19151-3930 $107,500

Beds/Baths: 4/1.0
Interior Sq. Ft: 1,342
Acreage: 0.03
Age:100 years
Style:
Traditional, Straight Thru
MLS#: PAPH2456794
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.

Taxes: $2,213
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Philadelphia City

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

Contact Information

Listing Courtesy of: Livewell Properties , (610) 551-4844, lauren@lwp-inc.com

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Listing data as of 3/17/2025.