114 S 58th St, Philadelphia, PA 19139

​Unlock the potential of 114 S 58th Street, a prime investment opportunity in Philadelphia's burgeoning real estate market. This 1,500-square-foot single-family home, situated on a 1,665-square-foot lot, offers a solid foundation for a lucrative renovation project. ​ Property Highlights: Size & Structure: Built in 1925, this two-story brick home encompasses 1,500 square feet of living space, providing ample room for a variety of design configurations. ​ Zoning: Classified under RM1 zoning, the property allows for multifamily use, presenting versatile redevelopment possibilities. ​Use Registration Permit will be required for Multi Family. Comparable Sales: Nearby properties underscore the area's investment potential:​ In the last 180 days, properties within 1/10th of a mile have sold for over $250,000 once renovated. Rental Market: The area commands strong rental rates, with similar properties achieving monthly rents around $1,615, indicating a favorable return on investment post-renovation. ​ Investment Potential: Acquiring 114 S 58th Street offers a strategic opportunity to capitalize on the neighborhood's growth. With a comprehensive renovation, investors can significantly increase the property's value, aligning with or surpassing local comparables. The RM1 zoning further enhances flexibility, allowing for multifamily development to maximize income potential.​ For the discerning investor, 114 S 58th Street represents a canvas ready for transformation. Its solid structure, favorable zoning, and promising market dynamics make it an ideal candidate for a high-yield investment in Philadelphia's evolving landscape.