Description

Hey Investors,
This massive 5-bed/1-bath, 1,470 sqft townhouse in Strawberry Mansion is a heavy-rehab flip with a huge ceiling. Priced at $122,000, it offers a rare footprint. While standard 3-bed flips here cap around $195K, recent data shows that developers who use a 5-bed layout to add bathrooms are shattering the ceiling—hitting up to $280K. This offers a skilled investor a massive spread on a high-end gut-and-flip.

Strategy: Flip | Specs: 5 BR / 1 BA (Needs Bath Additions) | 1,470 SQFT | Year Built: 1925 | Zoning: RSA5

💰 The Money & ARV:
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Target Rent: $1,500 – $1,700/mo

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Est. Rehab: $126,788 (Full gut renovation. Prioritize adding 1.5 to 2 baths to match high-end comps).

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Realistic ARV: $175,000 – $195,000 (Standard top-tier renovation potential).

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Aggressive ARV: $280,000 (Luxury ceiling anchored by 2715 N 29th St — a nearly identical 5-bed, 1,524 sqft property).

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The Spread: A standard flip requires negotiating the $122K acquisition price down. However, executing a luxury 5-bed/3+ bath layout to target the $280K exit creates a massive six-figure gross margin.

🚀 Why this deal? The 5-bedroom layout is the true differentiator. Most competing inventory consists of smaller 3BR homes. The newly verified comp at 2715 N 29th St proves that buyers will pay Center City-adjacent prices ($280K) for a 5-bedroom home in this zip code, provided the bathroom count and finishes match. Leverage this massive 1,470 sqft footprint to build a product that forces the appraisal to the top of the market.