Description

Hey Investors,

This is a tight flip opportunity in Port Richmond — a 3BR/1BA rowhouse sitting at $130K as-is with a manageable medium rehab and renovated comps in the immediate area pushing $169K–$240K. The spread is real, the market is moving fast, and buyers are paying retail premiums for updated product on these blocks. This is a classic value-add flip play where light-to-medium renovation dollars convert directly into equity.

Strategy: Flip | Specs: 3 BR / 1 BA | 1,082 SQFT | Year Built: 1910 | Zoning: RSA5

The Money & ARV:
* Target Rent: $1,600 – $1,700/mo
* Est. Rehab: $43,550 (Kitchen update, bath refresh, flooring, paint, mechanicals check, cosmetic exterior)
* Realistic ARV: $175,000 (Anchored by 3543 Stouton St at $130,000 mid-tier and 2047 Albright St at $169,000 renovated)
* Aggressive ARV: $195,000 (Top-tier renovation potential — approaching 3497 Weikel St comp at $240,000 for fully finished product)
* The Spread: At a $130K buy, $43.5K rehab, and $175K–$195K ARV, you’re looking at $1,500–$21,500 in net equity before closing costs — with upside to $50K+ if execution is clean.

Why this deal?
Port Richmond has demonstrated consistent buyer demand for renovated rowhouses, with multiple comps going under contract in under 3 weeks. The 3BR/2BA configuration is the sweet spot for retail buyers in this zip, and adding a second full bath during rehab is the single highest-ROI upgrade available given how the comp spread rewards it. At $130K as-is with a medium rehab scope, this deal pencils as a flip if you can hold your all-in cost under $175K. The block stability and nearby retail sales confirm this is not a speculative bet — it’s a proven exit corridor.