Vacant, Turnkey Rental in 19143. Buy for $65k – no/minimal repairs needed! Wholesale Available

  • $65,000
  • 2 beds
  • 1 baths
  • 648 sqft
Here’s a chance to pick up a SWEET little rental house in SW Philly. Will be delivered vacant. Put a tenant in right away and start collecting rent!!

648 square feet

2 bed / 1 bath

1 story row

RM1 zoning


Purchase Price: $65,000

More pics here!


Area rents for 2 beds look to be in the $900 – $1,000 a month range which means this property is darn close to (or slightly exceeding) the 1.5% rule for buying rentals. At a monthly rental rate of $900 – at $65,000 this is a 15 CAP!!!

$900 * 12 = $10,800

$10,800 – $700 (Real Estate Taxes show in public record as $686 for 2020) = $10,100

$10,100 / $65,000 = 15.53%

This property is in GREAT shape. As a matter of fact when we were looking at comps we couldn’t find anything else that was in as good a shape as this. Literally buy it and immediately rent it. Scope out the pics so that you can see for yourself!

Property is currently occupied by the seller but will be delivered vacant. Please contact us with interest. Showings will be limited to qualified buyers due to occupancy status.


Contact us for access.

Call/text/email Adam
(215) 372-8755
Deals@phillyrealestatedeals.com


  • Cash offers preferred — Cash offers to be accompanied by Proof of Funds. Hard Money offers to be accompanied by approval letter.
  • Agents welcome — 3% buyer commission
  • Quick closing required
  • Buyer handles U/O and pays closing costs and full transfer tax

 

Call/email/text Adam at (215) 372-8755 or Deals@phillyrealestatedeals.com..
If you’re looking for more deals, sign up for our buyers list at PhillyRealEstateDeals.com


Philadelphia, Philly, Montgomery County, MontCo, Delaware County, DelCo, Bucks County, BucksCo, PA, Pennsylvania

Price:
$65,000
Address:
24** S. 57th St.
Philadelphia, PA 19143
Square Feet:
648
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call (267) 360-7030 for more details

Property Location