3424 N Reese Street
Philadelphia, PA 19140
- – beds
- – baths
- 650 sqft
- 535 sqft lot
- $133 per sqft
- 1920 build
Investor Special in the Heart of Fairhill! Introducing an exceptional investment opportunity at 3224 N Reese Street, Philadelphia, PA 19140. This duplex, priced at just $87,000, presents a unique chance for investors to acquire a property with substantial potential in the vibrant Fairhill neighborhood. Property Features: Type: Duplex Location: 3224 N Reese Street, Philadelphia, PA 19140 Price: $87,000 Condition: Property has been cleaned out and is ready for rehab Unit Configuration: Suitable for conversion into multiple rental units Investment Highlights: Current Market Rents: The Fairhill area boasts strong rental demand, with current market rents for 1 bed, 1 bath units ranging from $800 to $900 per month. Value-Add Potential: This property offers significant potential for value addition through strategic renovations. Investors can capitalize on the increasing demand for quality rental units in this up-and-coming neighborhood. Prime Location: Situated in the Fairhill neighborhood, the property is in close proximity to public transportation, shopping centers, schools, and recreational facilities, enhancing its appeal to prospective tenants. This property represents an ideal investment for those looking to expand their portfolio in a high-demand rental market. With a little renovation, this duplex can be transformed into a lucrative income-generating asset.
Last checked:
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Last updated Oct 17, 2024
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MLS# PAPH2371172 —
The Building
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Year Built:1920
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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
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Building Units Total:2
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Partially Finished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:650
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:650
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Living Area SqFt:650 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, FHA 203(k), Conventional
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Possession:Immediate, 0-30 Days CD
Location
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Directions:Enter 3424 N Reese Street into google maps
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Latitude:40.00315094
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Longitude:-75.13844299
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.01
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Lot Size Source:Assessor
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Lot Size Dimensions:13.00 x 41.00
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Lot Dimensions Source:Assessor
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Lot SqFt:535 Sqft
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Water View: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:
- (267) 235-3678
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:193157300
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Tax Year:2024
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Tax Lot:248
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Tax Annual Amount:$565
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Tax Assessed Value:$40,400
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Year Assessed:2024
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School Tax:316.0
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City/Town Tax:248.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Ductless/Mini-Split
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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:Hot Water
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Heating Fuel:Natural Gas
Utilities
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Utilities:None
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Fairhill
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Single Room Units:2
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One Bedroom Units:2
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/28/24
Jun 28, 2024
|
Listed / Active | BRIGHT | $87,000 |
