Patterson-Schwartz Real Estate3424 N Reese Street, Philadelphia, PA 19140-4516 $87,000
Interior Sq. Ft: 650
Acreage: 0.01
Age:104 years
Taxes: $565
Subdivision: Fairhill
Design/Type:
Interior Row/Townhouse
Description
Investor Special in the Heart of Fairhill! Introducing an exceptional investment opportunity at 3224 N Reese Street, Philadelphia, PA 19140. This duplex, priced at just $87,000, presents a unique chance for investors to acquire a property with substantial potential in the vibrant Fairhill neighborhood. Property Features: Type: Duplex Location: 3224 N Reese Street, Philadelphia, PA 19140 Price: $87,000 Condition: Property has been cleaned out and is ready for rehab Unit Configuration: Suitable for conversion into multiple rental units Investment Highlights: Current Market Rents: The Fairhill area boasts strong rental demand, with current market rents for 1 bed, 1 bath units ranging from $800 to $900 per month. Value-Add Potential: This property offers significant potential for value addition through strategic renovations. Investors can capitalize on the increasing demand for quality rental units in this up-and-coming neighborhood. Prime Location: Situated in the Fairhill neighborhood, the property is in close proximity to public transportation, shopping centers, schools, and recreational facilities, enhancing its appeal to prospective tenants. This property represents an ideal investment for those looking to expand their portfolio in a high-demand rental market. With a little renovation, this duplex can be transformed into a lucrative income-generating asset.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Hot Water Heating, Natural Gas, Ductless/Mini-Split, None, Hot Water - Natural Gas, Public Water, Public Sewer, Utilities - None
Garage/Parking
None
Interior
Partially Finished Basement
Exterior
Concrete Perimeter Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (142 schools)
Public Middle (29 schools)
Public High (62 schools)
Private (105 schools)
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This report is a detailed community overview for Philadelphia (19140), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 37
- Average salary of people in this community: $29,707
Community Summary
- Population Density (ppl / mile): 16,926
- Household Size (ppl): 2.71
- Households w/ Children: 69%
Housing Inventory
- Owned: 9,443 (41.9%)
- Rented: 9,368 (41.6%)
- Vacant: 3,708 (16.5%)
- Total: 22,519
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 11.5%
- Some High School: 17.2%
- High School Graduate: 41.9%
- Some College: 16.6%
- Associate Degree: 4.2%
- Bachelor's Degree: 5.9%
- Graduate Degree: 2.7%
Income by dollar range
Median Income: $22,790
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $566
- One Bedroom: $698
- Two Bedroom: $868
- Three Bedroom: $962
- Four Bedroom: $950
© 2024 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: KW Empower , vicki@kwempower.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/25/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
