Great Rental Property Near Philadelphia Airport!

[Roberto Lobrace]

1203 4th Avenue, Lester, PA 19029

Check out this great Tinicum Township investment opportunity! This three bedroom, one bathroom property is located in Lester, just outside of Philadelphia proper. Easy access to I-95 and the proximity to the airport make this a great rental property to add to your portfolio! Subject property sits on a double lot, and has off street parking. This asset is in need of a cosmetic gut, but after spending 35-45K in repairs you will be able to easily obtain the market rent rate of $1150/mo. If you are a fix/flip investor, there is room in this deal to make an easy $30,000! The comps ARE NOT rehabs, and they ARE NOT updated or even considered well maintained. These properties are still selling for $130-135K, so it is not out of the questions for a savvy investor to sell this subject property after rehab around $150K.

Price: $45,000

Rehab: $35,000- 45,000 depending on scope and finishes

ARV: $150,000

Rent Rate: $1,150/month

Comps:

417 Manhattan St, 19029 – Settled at $167,000

307 Massasoit St, 19029 – Settled at $133,000

327 Massasoit St, 19029 – Settled at $133,000

Click HERE for pictures

If you're interested in purchasing or have any questions, please feel free to reach out to me directly right away as this home won't last!