My Company's Active Listings

$199,000 (USD)
Pending

Philadelphia Area Residential Home

Pending

601 Maple Avenue Philadelphia, PA 19116

5 Bed
2 Baths
3050 sqft
MLS# PAPH2563916
Discover a prime investment opportunity in the heart of the SOMERTON subdivision. This traditional detached home, built in 1920, offers a unique canvas for savvy investors looking to capitalize on a property with significant potential. With five spacious bedrooms and one and a half bathrooms, this residence is ripe for renovation and modernization, making it an ideal candidate for a major rehab project. The property is situated on a generous lot with a driveway that accommodates two vehicles, ensuring convenience for future tenants or owners. While the home requires substantial updates, the classic architectural style and solid frame construction provide a strong foundation for a profitable investment. Investors will appreciate the potential for increased rental income once renovations are completed. The demand for rental properties in this area remains robust, driven by a growing community and proximity to essential amenities. With the right vision and investment, this property can be transformed into a desirable rental unit or a flip opportunity that yields significant returns. For homebuyers, this could potentially qualify for a Conventional Fannie MAC Fannie MAE Renovation loan. The basement offers additional space that can be utilized creatively, whether for storage, a workshop, or even additional living space, depending on your renovation plans.These home factors present an opportunity to add value and customize the property to meet market demands. This property is not just a house; it's a chance to create a profitable asset in a thriving neighborhood. With the right renovations, you can enhance its appeal and maximize your return on investment or make it your forever home.Don't miss out on this opportunity to turn a diamond in the rough into a shining gem in the SOMERTON market. Seize the chance to invest in a property with immense potential-schedule a viewing today and explore the possibilities that await!
Listing Courtesy of BRIGHT IDX / Century 21 Action Plus Realty / Maria Zolezzi