Description

Hey Investors,

Strong flip opportunity in Logan on a solid block of N 15th St — a 3BR/1BA rowhome sitting at $139K as-is with heavy rehab needs and serious ARV upside. Renovated comps within a quarter mile are clearing $185K–$280K, giving a well-executed renovation a meaningful equity spread. This is a classic Philadelphia row flip: buy distressed, renovate to neighborhood standard, sell retail.

Strategy: Flip | Specs: 3 BR / 1 BA | 1262.0 SQFT | Year Built: 1910 | Zoning: RM1

The Money & ARV:
* Target Rent: $1,600 – $1,800/mo
* Est. Rehab: $50,796 (Full kitchen and bath renovation, flooring throughout, mechanicals update, roof inspection, exterior paint, cosmetic finishes)
* Realistic ARV: $185,000 (Anchored by 5445 N 11th St — 3BD/2BA, 1,330 SqFt, sold 05/04/26)
* Aggressive ARV: $215,000 (Top-tier renovation potential, supported by 4726 N Carlisle St at $215,000 — 3BD/2BA, 1,312 SqFt)
* The Spread: At a $139K buy with ~$51K in rehab, a conservative $185K–$215K exit delivers $44K–$74K gross profit before carry and closing costs.

Why this deal?
Logan continues to attract renovation buyers as values creep north from Germantown and south from Oak Lane, and recent sales confirm the market is absorbing renovated product in the $185K–$280K range. The 1,262 SqFt footprint is right in the sweet spot for this block — small enough to rehab efficiently, large enough to justify a full cosmetic renovation and command top-of-market pricing. With a realistic ARV of $215,000 and a total cost basis around $190K–$195K (purchase + rehab + carry), there’s a clean $20K–$25K net on the conservative side and significantly more on an aggressive exit. Executed correctly with a quality renovation, this property competes directly with the $215K–$280K sold comps and has a clear, definable exit strategy.