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$ 130,000
$ 99,000 31.3%
3 Beds
1 Bath
1,500 SqFt
$ 130,000
$ 99,000 31.3%
3 Beds
1 Bath
1,500 SqFt
Key Details
Sold Price $130,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $86
Subdivision West Philadelphia
MLS Listing ID PAPH2462200
Sold Date 04/16/25
Style Straight Thru
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,500
Originating Board BRIGHT
Year Built 1925
Available Date 2025-03-29
Annual Tax Amount $2,442
Tax Year 2024
Lot Size 1,665 Sqft
Acres 0.04
Lot Dimensions 20.00 x 83.00
Property Sub-Type Twin/Semi-Detached
Property Description
Property Highlights:
Size & Structure: Built in 1925, this two-story brick home encompasses 1,500 square feet of living space, providing ample room for a variety of design configurations.
Zoning: Classified under RM1 zoning, the property allows for multifamily use, presenting versatile redevelopment possibilities. Use Registration Permit will be required for Multi Family.
Comparable Sales: Nearby properties underscore the area's investment potential: In the last 180 days, properties within 1/10th of a mile have sold for over $250,000 once renovated.
Rental Market: The area commands strong rental rates, with similar properties achieving monthly rents around $1,615, indicating a favorable return on investment post-renovation.
Investment Potential:
Acquiring 114 S 58th Street offers a strategic opportunity to capitalize on the neighborhood's growth. With a comprehensive renovation, investors can significantly increase the property's value, aligning with or surpassing local comparables. The RM1 zoning further enhances flexibility, allowing for multifamily development to maximize income potential.
For the discerning investor, 114 S 58th Street represents a canvas ready for transformation. Its solid structure, favorable zoning, and promising market dynamics make it an ideal candidate for a high-yield investment in Philadelphia's evolving landscape.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas Available
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Pets Allowed Y
Senior Community No
Tax ID 604291500
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private, FHA 203(k)
Listing Terms Cash, Conventional, Private, FHA 203(k)
Financing Cash,Conventional,Private,FHA 203(k)
Special Listing Condition Standard
Pets Allowed No Pet Restrictions
Bought with Stephen M Kennedy • KW Empower