Description

Unlock the potential of 6232 Reedland St, nestled in the desirable Elmwood Park neighborhood of Southwest Philadelphia. Boasting RM1 zoning, this property offers versatility as either a spacious single-family residence or a lucrative multi-unit investment. With 3 bedrooms, 1 bath, and 1200 sqft of space, the options are endless.

Take advantage of the robust rental market, with rents reaching up to $1,300 in the area. Whether you choose to keep it as is or capitalize on its multi-family potential, this property promises a rewarding investment opportunity. Single-family comps soar as high as $232,000 after repair, while multi-family comps command up to $282,000 with a finished basement. Seize the chance to shape this property into your vision of success in the thriving Southwest Philly market.

Finished MFH Comps:

2431 S Edgewood St, Philadelphia, PA 19142 – $270,000 (3 bd | — ba | 960 sqft) – $281 PPSF

Finished SFH Comps:

6141 Grays Ave, Philadelphia, PA 19142 – $200,000 (3 bd | 1 ba | 1,212 sqft) – $165 PPSF

6224 Reedland St, Philadelphia, PA 19142 – $200,000 (3 bd | 2 ba | 1,200 sqft) – $167 PPSF

Needs Rehab:

6308 Reedland St, Philadelphia, PA 19142 – $84,000 (3 bd | 1 ba | 1,350 sqft) – $62 PPSF

6148 Reedland St, Philadelphia, PA 19142 – $80,000 (3 bd | 1 ba | 1,092 sqft) – $73 PPSF

6206 Reedland St, Philadelphia, PA 19142 – $80,000 ( 3 bd1 ba1,200 sqft) – $67 PPSF

6344 Reedland St, Philadelphia, PA 19142 – $77,000 (3 bd | 1 ba | 1,086 sqft) – $71 PPSF

Details

Updated on April 29, 2025 at 11:41 am

Property ID SA23686
Price Buy $80,000
Property Size 1200
Land size 1079
Bedrooms 3
Unit 1
Bathroom 1
Year Built 1920
Property Type Single Family
Property Status Sold
Tax 1965
Deposit 5000
Zoning RM1

Address

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Address: 6232 Reedland Street, Philadelphia, PA, USA
City: Philadelphia
State/county: Pennsylvania
Zip/Postal Code: 19142
Area: Elmwood Park

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What's Nearby?

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Exceptional 1 reviews