1623 N 61st Street
Philadelphia, PA 19151
- 4 beds
- 1 bath
- 1,342 sqft
- 1,350 sqft lot
- $80 per sqft
- 1925 build
Prime Investment Opportunity: 4-Bedroom Home with Immediate Equity & Strong Cash Flow Potential Discover an incredible investment opportunity with this spacious 4-bedroom, 1,350+ sq. ft. residential home in Overbrook Park. This property offers significant potential for both immediate equity gains and long-term cash flow. Heating system and hot water heater recently replaced, electrical system in good condition and also recently updated. Strong Rental Demand: Eligible for the PHA Housing Choice Voucher Program, guaranteeing $2,510/month in rental income.Equity Upside: Renovation offers the chance to unlock immediate significant equity, making it a smart addition to your portfolio. Generous Layout ideal for families seeking spacious accommodations. Basement is enormous with high ceilings, great value add opportunity to add additional bathrooms and/or finish the basement and potentially add a 5th bedroom for an increase in cashflow and equity. After repair value between: $275K-$325K depending on finishes and additional upgrades. Whether you're an investor looking to flip for a profit or seeking a property to hold for consistent rental income, this opportunity checks all the boxes. Don't miss your chance to secure this promising asset and capitalize on its earning potential! Close to multiple public transportation routes, just a 20 minute commute to Center City and ease of access to anywhere on the mainline or Delco, with a 20-30 minutes to PHL Airport depending on traffic. Home offered AS-IS. Must provide 10% Deposit with Offer and provide proof of funds.
Last checked:
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Last updated Mar 14, 2025
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MLS# PAPH2456794 —
The Building
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Year Built:1925
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Masonry
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Structure Type:Interior Row/Townhouse
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Architectural Style:Traditional, Straight Thru
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Levels:2
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:Yes
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Basement Type:Full, Unfinished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:1342
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
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Tax Total Finished SqFt:1342
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1342
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Living Area SqFt:1,342 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash
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Possession:31-60 Days CD
Location
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Directions:GPS
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Latitude:39.97639465
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Longitude:-75.24165344
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Assessor
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Lot Size Dimensions:15.00 x 90.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,350 Sqft
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Zoning:RSA5
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:O30
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 551-4844
- Office phone:
- (610) 551-4844
Taxes
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Tax ID Number:342245200
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Tax Year:2024
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Tax Lot:62
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Tax Annual Amount:$2,213
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Tax Assessed Value:$158,100
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Year Assessed:2025
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School Tax:1239.0
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City/Town Tax:973.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:4
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Bedrooms Main Level:4
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Septic
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Electric Service:100 Amp Service
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Hot Water:60+ Gallon Tank
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:Overbrook Park
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
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Transportation:Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Monthly cost estimate
Asking price
$107,500
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$575
|
| Taxes | $184 |
| Insurance | $29 |
| Utilities | $190 See report |
| Total | $978/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/12/25
Mar 12, 2025
|
Listed / Active | BRIGHT | $107,500 |
