Cheap Rental, nice block, West Philadelphia

[Beverly Buella]

Hi there,

I have a property in West Philadelphia that I'm looking to move, on the 53xx block of Chancellor Street, 19143.  The property is in solid shape, but it's been lived in and would need to be updated to make it a rental.  I won't post a rehab estimate because contractors all have different prices, but here's a description of the main items that would be needed to make it a rental:

- new electric

- new roof

- new bathroom

- remove carpets and refinish or install flooring

- paint

-  kitchen cabinets could be cleaned up or repaired in order to be used for a rental, they are in good shape.

Rent:  around $800/month

Price:  $34,900 or best offer

Settlement:  on or before 3/20/2014

Financing: cash only

Block:  There is 1 noticeably vacant property further down the street and across the street that is boarded up.  This property is not close to any vacant properties. It is close to 52nd street, which is a main retail corridor for this area, close to trains and buses.

Pictures?

https://www.dropbox.com/sh/x7iyvwmsfqsrztf/AABouLN...

Comps:

5338 Chancellor sold for $85k 3 1/1 no central AC
5311 Chestnut sold for $142k 3/2 with central AC

Questions?  Please contact me at 267-560-7712 or [email protected]

Thanks-

Bev