PHILADELPHIA - TURNKEY TRIPLEX - NEW REHAB - $150,000

[Ethan Giller]

1223 S 52nd St

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Hey BP!  This property is offered exclusively to the BP community for a few days before I put it on the open market.  Hoping to find a serious buyer who recognizes this as a good deal, and to avoid some of the tire-kickers.

This turn-key triplex is for sale in SW Philly, on a main avenue and a good block. This is a full rehab that I own (not an assignment deal, REO, short sale, etc.) and I was actually planning to keep it myself, but I already own a lot of these and I would rather cash out in order to fund other projects.

I am just putting on the finishing touches now (painting the front porch, etc.).  Only thing it needs is appliances (will let the buyer provide their own).  Come and take a look yourself, the list of work is extensive.

Separated utilities (gas & electric).  Super low taxes at only $405 per year!  These types of investor-friendly rehabs don't come on the market very often, and this one is priced to sell.

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Property will realistically rent for $2,000/month:

1BR 1st fl/basement: $550

2BR 1st fl/2nd fl: $650

3/4BR 2nd fl/3rd fl: $800

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Pics: https://www.dropbox.com/sh/cpt3ofcefauf8n6/AAAi7k-...

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Rehab list:

-Remove mold areas in drywall & repair damaged areas, spackle & paint entire property

-Replace damaged entry doors & interior doors & door hardware

-Replace non-working windows, put screens in all windows

-Capping of all windows

-Install vinyl flooring in kitchens and bathrooms & basement

-Install carpet in all bedrooms & commercial carpet in common hallways

-New roof

-Cut down all trees in yard

-Clean out backyard and concrete where needed

-Concrete front entire sidewalk and broken step

-Granite with sinks and faucets, and repair/replace cabinets in kitchens

-Fix electrical issues where needed

-Replace light fixtures & install new outlets and switches

-Repair damaged plumbing & replace water lines that were cut out for copper

-Repair/replace toilets & tubs & vanities & faucets & mirrors, as needed

-Paint cornice in front of house

-Install missing trim throughout

-Porch repairs, including soffit, and painting

-Smoke & CO alarms throughout

-Repairs to heating systems & hot water heaters, as needed

-Above range microwaves in all units