2003 S Beechwood St, Philadelphia, PA 19145

Multiple Family / 2 Bedroom(s) / 2 Bath(s)

Property Status:  For Sale | $298,000.00 (Wholesale) | 

Property Photos

4 Units + Storefront - PACKAGE DEAL (Multi-family / Duplex)

Property Status:
For Sale | $298,000.00 (Wholesale)
Property Details:
Multiple Family / 2 BR / 2 BA
Property Style:
Year Built:
Finished Sq Ft:
Unfinished Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
The Sixth Connect, LLC
(301) 917-9798

View on Individual's Website
Property Description:

PACKAGE DEAL but will consider selling separately. 

ZONING: COMMERCIAL (CMX2) mixed-use - will verify permits

Adjacent property is being sold together as a package (reflected in the asking price). Both properties need full rehab; Framing has been started and some rough plumbing; the roof is in good condition
Transforming neighborhood in S. Philly near Sports/Concert stadiums

Fix & Flip Analysis
Rehab Estimate to complete both - 150K (quote by licensed GC in Phila.)
ARV per property - $350k - $400k
Total ARV - $750k - $800k
Expected flip profit: $300k - $350k

Buy and Hold Analysis
Monthly income: $8,200
Gross annual income: $98,400
Acquisition price: $298k
Purchase cap: 32.8%
$78,720 net annual income (after vacancy, property management, insurance, etc.)
All in investment: $450k
Cash on Cash return: 17.5%

Approx. rents per unit: $1214 - $1300

Storefront approx rents: $3000 - $4000

$8k EMD
Let’s Close!

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Mid-Atlantic Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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