Excellent opportunity for an individual/family to rehab and live in or to rehab and sell at a very nice profit. The house is located on a Garden block, very rare for Philadelphia, immediately facing "Naval Square," the Grecian-style former U.S. Naval Academy, their new foray into upscale urban development by Toll Brothers, known for their many high-quality suburban developments. The neighborhood continues, and will continue to appreciate in value, but this block is special, even for the neighborhood. It's a *solid* investment, extremely unlikely ever to lose value. SERIOUS BUYERS, ONLY. The house would PAY FOR itself by monthly rent you can get if you choose to rent it rather than sell. If you prefer, seller financing is possible. Likewise, by seller financing, the house would pay for itself because you would have the right to rent it, if you choose. Great Second-Empire Architectural Style, which is that of every house on the block. This home requires rehab, costing estimated $125-150K, if you G-C it yourself, which, when completed is a $625-670K-value home, . [COMPARE THIS HOME WITH 2351 CATHARINE ST. 1/2 BLOCK AWAY BUT LESS FAVORABLY-SITED WHICH SOLD IN OCTOBER 2010 FOR $535K, AND "NEEDING RENOVATION THROUGHOUT." AND 2351 ST. ALBANS PLACE, SOLD 1/28/13 FOR $425K, AND NOW FINISHED BEING REHABBED]. THREE OTHER HOUSES ON THIS BLOCK SOLD RECENTLY: 2307, IN 2011 FOR $561K (REHABBED) AND 2300 IN JULY 2013 FOR $529K, WHICH BUYER'S AGENT TOLD ME WAS LOW BECAUSE OF NON-UPDATED BATHS AND OTHER PECULIARITIES OF LAYOUT. ANOTHER, 2349, SOLD IN JULY 2012 FOR $399K AND WAS A SHORT SALE (BANK-OWNED). Basement has been dug deeper, ceiling is 7 feet. This adds another 700+ sq.ft of living space! New cement floor poured. New water and sewer lines installed from house to street mains. Externally, rear Bay window repaired, requires completion. Needs new flat roof and new Mansards front and back. Internally, a shell, but original plaster on walls. Structurally, the house is in fine shape: they built well and with old-growth timber in those days. Floors are original, heart pine: refinish beautifully! Generously-sized back yard [16' x 16.' You could park a car there, as others on the rear alley (Fulton Street) are doing]. ALSO SEE MORE INFORMATION UNDER "NEIGHBORHOOD INFORMATION." Neighborhood Description Directly across from Toll Bros' new (and growing) high-end development, Naval Square (The former, and first---U.S. Naval Academy---before it was moved to Annapolis), which has great Grecian Classical style architecture, with the new buildings nestled tastefully around it). An excellent, and appreciating, increasingly upscaling neighborhood. Very near University of Pennsylvania and Drexel University campuses. A *very* safe neighborhood. The Schools are "mediocre" to "bad" but The Philadelphia School at 25th and Lombard 4 blocks away (K-8) is Excellent. THE TWO NEAREST ZIP CODES ARE 19103 IMMEDIATELY TO THE NORTH AND 19104 IMMEDIATELY TO THE WEST. The actual address is St. Albans "Place" but the City of Philadelphia uses "street" for mailing purposes.
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