9/25/2023: The Deal Xchange and Haves & Wants

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
2003 S Beechwood St (Image - 1)
2003 S Beechwood St (Image - 2)
2003 S Beechwood St (Image - 3)
2003 S Beechwood St (Image - 4)
2003 S Beechwood St (Image - 5)

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:
2-Story
Year Built:
1920
Finished Sq Ft:
2,304
Basement:
Unfinished Basement
Owner / Agent:
Wholesale
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.

This Website Uses Cookies

This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.

Contact Us

Mid-Atlantic Real Estate Investors Association
  • (443) 738-3600
  • 90 Painters Mill Rd, Suite 220
  • Owings Mills, MD 21117

Proud Chapter of National REIA

Newsletter

Stay updated with Mid-Atlantic Real Estate Investors Association.

Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.
Privacy Policy   -   Security Policy

Disclaimer

www.MAREIA.com  (Mid-Atlantic Real Estate Investors Association) does not give legal, tax, economic, or investment advice. MAREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2023 © Mid-Atlantic Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.