PA > Philadelphia > Somerton
Philadelphia, PA 19116,601 MAPLE AVE
Philadelphia, PA 19116,601 MAPLE AVE
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$199,000
Est. payment /mo
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5 Beds
2 Baths
3,050 SqFt
New

601 MAPLE AVE Philadelphia, PA 19116

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Eric Steinhoff

Eric Steinhoff

+1(240) 818-5744

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,050 sqft

Price per Sqft $65

Subdivision Somerton

MLS Listing ID PAPH2563916

Style Traditional,Side-by-Side

Bedrooms 5

Full Baths 1

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 3,050

Year Built 1920

Annual Tax Amount $5,982

Tax Year 2025

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Detached

Source BRIGHT

Property Description

Discover a prime investment opportunity in the heart of the SOMERTON subdivision. This traditional side-by-side detached home, built in 1920, offers a unique canvas for savvy investors looking to capitalize on a property with significant potential. With five spacious bedrooms and one and a half bathrooms, this residence is ripe for renovation and modernization, making it an ideal candidate for a major rehab project. The property is situated on a generous lot with a driveway that accommodates two vehicles, ensuring convenience for future tenants or owners. While the home requires substantial updates, the classic architectural style and solid frame construction provide a strong foundation for a profitable investment. Investors will appreciate the potential for increased rental income once renovations are completed. The demand for rental properties in this area remains robust, driven by a growing community and proximity to essential amenities. With the right vision and investment, this property can be transformed into a desirable rental unit or a flip opportunity that yields significant returns. For homebuyers, this could potentially qualify for a Conventional Fannie MAC Fannie MAE Renovation loan. The basement offers additional space that can be utilized creatively, whether for storage, a workshop, or even additional living space, depending on your renovation plans.These home factors present an opportunity to add value and customize the property to meet market demands. This property is not just a house; it's a chance to create a profitable asset in a thriving neighborhood. With the right renovations, you can enhance its appeal and maximize your return on investment or make it your forever home.
Don't miss out on this opportunity to turn a diamond in the rough into a shining gem in the SOMERTON market. Seize the chance to invest in a property with immense potential-schedule a viewing today and explore the possibilities that await!

Location

State PA

County Philadelphia

Area 19116 (19116)

Zoning RSD2

Rooms

Other Rooms Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1, Half Bath

Basement Other

Main Level Bedrooms 5

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Story 2

Foundation Concrete Perimeter

Above Ground Finished SqFt 3050

Sewer Public Septic

Water Public

Architectural Style Traditional, Side-by-Side

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Pets Allowed Y

Senior Community No

Tax ID 583025010

Ownership Fee Simple

SqFt Source 3050

Acceptable Financing Cash, FHA 203(k), Conventional, Other

Listing Terms Cash, FHA 203(k), Conventional, Other

Financing Cash,FHA 203(k),Conventional,Other

Special Listing Condition Standard

Pets Allowed No Pet Restrictions

Bright MLS (BMLS)
Eric Steinhoff

Eric Steinhoff

+1(240) 818-5744

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601 MAPLE AVE