RSA-5 Re-Zone opportunity- Port Richmond PHL

[Moira McKee]

HI BP Pros,

I am an investor with 3 buy hold rehabs in PHL outskirts. I need advice on an opportunity out of my scope, but the numbers warrant a look. 

A friend inherited a single dwelling RSA-5 in District 6 due to recent passing of an elderly relative. No mortgage on the property and the family is open to seller financing. The main dwelling needs full gut but more importantly, it has a detached garage behind the house that faces the next street over. It is the only garage on that street. The rest are front entry to homes. 

My team and I mainly stick to rehabs. This would be our first new build and require rezoning approvals. The intention is hold and rent. Open and interested in advice from the experienced. Is the juice worth the squeeze?

 Thanks!

Moira