Description

Hey Investors, This is a high-upside flip opportunity at 840 N Markoe St in West Philadelphia — a 3BR/1BA townhouse sitting at 841 sqft. While mid-tier and value-add properties in this pocket are moving in the $80K–$95K range, the most recent comp data shows a massive ceiling for top-tier rehabs, with a fully renovated townhouse just two blocks away closing at $270,000. If acquired at the right price, this deal offers deep equity margins for an experienced flipper ready to push the finishes.

Strategy: Flip | Specs: 3 BR / 1 BA | 841 SQFT | Year Built: 1920 | Zoning: RM1

The Money & ARV:

Target Rent: $1,450 – $1,600/mo (If held as a rental)
Est. Rehab: $33,850+ (Medium rehab covers kitchens, baths, flooring, paint, and systems. Note: Pushing for the maximum $270K ARV will require a heavier, high-end renovation budget and likely a 2nd bathroom addition).
Conservative ARV: $165,000 – $185,000 (Standard flip finishes)
Aggressive ARV: $270,000 (Top-tier renovation potential, strongly anchored by the recent closing at 765 N 49th St)
The Spread: To leave plenty of meat on the bone for a high-end flip, target your acquisition in the $70,000–$80,000 range. At that entry point, even a heavier rehab budget leaves a massive spread on a $270K exit.