114 S 58th St, Philadelphia, PA 19139

Unlock the potential of 114 S 58th Street, a prime investment opportunity in Philadelphia's burgeoning real estate market. This 1,500-square-foot single-family home, situated on a 1,665-square-foot lot, offers a solid foundation for a lucrative renovation project. 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.