For this week’s SoPhilly Spotlight, we bring you something quite affordable at $179,000.
It’s a 3- bed, 1-bath home at 1531 S. 8th St. It’s got a lot of potential, with plenty of space over more than 1,200 square feet and a huge back yard. But it’s kind of a nightmare inside, so is that worth the price?
From the listing by Century 21 Forrester:
Basement – full and cemented with washer, new Oil Hot Water heater with summer/winter hookup for hot water and 100 amp. CB electric service. 1st floor – foyer, living room/dining area combo with wall-wall carpets, closet and wrought iron stair rail; Large plain eat-in kitchen with VT flooring, range, hooded range, formica and wood cabinets, formica countertops, and stainless steel sink; rear enclosed and covered patio; large rear yard. 2nd floor – Three(3) nice-sized bedrooms with plenty of closet space; Modern [?] 3-piece ceramic tile bath. Do not miss out on this opportunity!
It could cost another $100,000 to get this house in decent shape (a total stab in the dark), which would put the total at $279k. That would be a good deal for a renovated place of this size. But is it worth the six months it would take? I could see this going to a house flipper. And you?