Single Family Home in PHL

[Chris R. Gallo]

Investment Info:

Single-family residence buy & hold investment in Philadelphia. 

Purchase price: $250,000
Cash invested: $85,000

First rental property that I went in on.
Fixed up as if I would live in it - ended up renting it from the first month till now.

- Currently working on whether or not I should register it as an LLC and refi or just sell it outright and look elsewhere.
I have relocated and permanently reside in North Shore Boston.

How did you add value to the deal?

- Replaced the front facade
- Added a half bath downstairs (not typical for a bath on first floor of PHL homes)
- Complete renovation of kitchen
- Brand new HVAC throughout house
- Semi-finished basement with sealed floors and painted floor joists
- Added closets to second and third bedroom