Calling all investors, house-hackers, and hands-on first-time buyers: this classic brick rowhome in Southwest Philadelphia's Elmwood/Kingsessing section is ready for a full renovation and priced to make the numbers work. Sold as-is, this 3-bedroom, 1-bath home offers the bones and layout of the well-kept rowhomes throughout the block, just waiting for a new kitchen, updated systems, and a modern finish. At $99,000, this property is priced to leave substantial built-in equity for the buyer who puts in the renovation work. The home right next door was sold recently by the same listing agent. For the buy-and-hold investor, three-bedroom rentals in Kingsessing are currently commanding around $1,700/month, putting this property on track for strong cash-on-cash returns once renovated. For an owner-occupant, the layout and neighborhood rents also support a house-hack strategy — live in part of the home while renting out the rest to offset the mortgage. It's an equally compelling entry point for a first-time buyer looking for a sweat-equity project in a location with real upside. Location works in this property's favor. It sits about a block from Elmwood/Woodland Avenue, a corridor of restaurants, markets, and corner stores, and roughly 0.1 miles from SEPTA's Route 11 (T4) trolley line, giving quick, direct transit access to University City — home to Penn, Drexel, Penn Presbyterian Medical Center, HUP, and CHOP — as well as Center City, about 6 miles away. Bring your contractor and your vision. Renovation/rehab financing (such as an FHA 203(k) or investor rehab loan) is recommended given the property's condition. Book your showing today. This won't last long!

Listing courtesy of LPMG Management Co.



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