Description

Hey Investors,

This 882 sqft townhouse at 2924 N 19th St in Hartranft presents a strong Buy & Hold rental opportunity in a stabilizing North Philadelphia corridor. Recent comp sales show renovated row homes trading in the $180K–$200K range within 0.5 miles, while market rents for comparable units are running $1,500–$1,700/month — delivering solid cash-on-cash returns at current acquisition prices.

The Money & ARV:
* Target Rent: $1,500 – $1,700/mo
* Est. Rehab: $30,870 (882 sqft × $35 Medium — Medium rehab tier)
* Realistic ARV: $180,000 (Anchored by 2811 N Bonsall St)
* Aggressive ARV: $195,000 (Top-tier renovation potential, anchored by 2315 W Firth St)

Why this deal?
Hartranft continues to attract buy-and-hold investors drawn by affordable entry points and strong rental demand from the working-class tenant base that anchors North Philly. At a target acquisition of $100K–$130K plus $31K in rehab, you’re all-in at roughly $131K–$161K against a $180K–$195K ARV — a reasonable flip margin, but the real win here is a stabilized rent of $1,600/month producing a 12%+ gross yield on cost. Block stability is supported by consistent owner-occupant sales in the $175K–$200K range within 0.5 miles, confirming the neighborhood is not distressed but rather value-add. Execute a cosmetic rehab (kitchen, bath, new exterior), place a qualified tenant, and hold for cash flow and long-term appreciation.