Address: 1349 S 29th St, Philadelphia, PA 19146
Type: Townhome (Investment Property)
Neighborhood: Grays Ferry, Philadelphia
Floor plan: 3 Beds / 1 Bath
Size: 1,156 sqft
Price: $135,000
About This Property
This two-story townhome has successfully closed in the heart of the rapidly developing Grays Ferry neighborhood, offering the new owner a strong income-producing asset with clear add-value potential. The property sits on a large corner lot measuring approximately 16 x 64, providing flexibility rarely found in similar rowhome investments.
At the time of sale, the home was tenant-occupied with a solid, paying tenant in place, allowing for immediate rental income. Improvements throughout the property supported stable occupancy while still leaving room for future upside.
Potential value-add strategies included conversion to RM1 zoning, a possible three-story build, or increasing current rents to fair market value over time. The corner-lot positioning further enhanced redevelopment and long-term appreciation potential as Grays Ferry continues to experience reinvestment and neighborhood growth.
The property could be purchased individually or as part of a package with two additional remodeled, tenant-occupied Grays Ferry investment properties, making it an attractive option for investors seeking portfolio expansion.
This home represented a strategic opportunity to acquire a cash-flowing property with redevelopment and appreciation potential and closed successfully in a competitive urban investment market.
Contact
Madoka Nishimura REALTOR®
Cell: 321-948-9191
Email: Realtor@madoka-nishimura.com
Type: Townhome (Investment Property)
Neighborhood: Grays Ferry, Philadelphia
Floor plan: 3 Beds / 1 Bath
Size: 1,156 sqft
Price: $135,000
About This Property
This two-story townhome has successfully closed in the heart of the rapidly developing Grays Ferry neighborhood, offering the new owner a strong income-producing asset with clear add-value potential. The property sits on a large corner lot measuring approximately 16 x 64, providing flexibility rarely found in similar rowhome investments.
At the time of sale, the home was tenant-occupied with a solid, paying tenant in place, allowing for immediate rental income. Improvements throughout the property supported stable occupancy while still leaving room for future upside.
Potential value-add strategies included conversion to RM1 zoning, a possible three-story build, or increasing current rents to fair market value over time. The corner-lot positioning further enhanced redevelopment and long-term appreciation potential as Grays Ferry continues to experience reinvestment and neighborhood growth.
The property could be purchased individually or as part of a package with two additional remodeled, tenant-occupied Grays Ferry investment properties, making it an attractive option for investors seeking portfolio expansion.
This home represented a strategic opportunity to acquire a cash-flowing property with redevelopment and appreciation potential and closed successfully in a competitive urban investment market.
Contact
Madoka Nishimura REALTOR®
Cell: 321-948-9191
Email: Realtor@madoka-nishimura.com
