3rd BRRRR property under the knife! West Passyunk (Phila, PA)

[Mike B.]

Hi all, 

Well, after wrapping up this beauty (https://www.biggerpockets.com/forums/522/topics/56...), I bought the house next door.. literally.  I was going to take a break, but after the family contacted me a month after my other place was rented and they needed to sell, I got the place off market, under retail value, and the rest is history. 

Exact same layout, etc as my other place (3 beds, this has 1.5 baths), needs full cosmetic updates including roof and some additional exterior work, but she'll turn out great.  Thankfully most of the windows are new and boiler, washer/dryer and some other mechanics are in good shape.  Basement is good height and partially finished, so I'm going to spend a little more money to finish that up and make it a nice, usable space.  Here's some teaser pix:

Front of house:  Yes, I'm saving the front original metal bay window! Power wash, bondo/metal work, and paint.. will be good as new

Kitchen: Old vs. current state --> gutted, with all new cabinetry. Blue shaker bottom, white shaker uppers, SS appliance package.. will look great

LR/DR: Out with the old.. in with the soon to be refinished original hardwood floors! Yup.. hardwoods throughout the home!

I'll try to post updates bi weekly; In the past week, the following has been done: 

--New roof installed just before closing

--Light demo completed to reveal hardwood flooring throughout the home, gut kitchen, remove bathroom fixtures, remove trash throughout home and backyard.

In the next two weeks we have new framing in kitchen to be done, start some electrical updates, get the half bath and basement back together (those are the easiest) then do drywall patch and painting and refinish floors. 

Goal is to have this done by December. I know realistically it's a deadzone for rental season then so I budgeted extra time/money that I may not rent this realistically until early 2019.  Still got the home at a great deal, it's worth the wait!