1609 N Philip St, Philadelphia, PA 19122

Description

Located in the desirable Olde Kensington section of Philadelphia, this 4-bedroom, 2-bath home presents a strong value-add opportunity for investors and is being SOLD IN AS-IS CONDITION with ARV potential estimated at $475K+ based on nearby renovated comps. Positioned between Olde Kensington and Fishtown, the property is surrounded by new construction and redevelopment projects, with additional developments just down the road, making it an ideal investment location. The home features a tiled main floor with a living and dining area that leads into a large eat-in kitchen with access to the rear yard, while the second and third floors offer hardwood flooring throughout with two bedrooms and a full bathroom on each level, plus balconies on the upper floors. Additional highlights include a full basement with washer and dryer and a private alleyway providing access to the backyard from the front of the home. Conveniently located near Hancock Park and Cruz Playground, as well as restaurants, nightlife, shopping, and public transportation, this property offers strong upside potential for investors looking to renovate and resell or hold as a rental in one of Philadelphia’s rapidly developing neighborhoods. At this price point, this opportunity will not last long—schedule your showing today.