3 N Wells Avenue

Description

Back on the Market! Calling all Home Buyers and Investors. This is a great opportunity for a Homeowner bringing TLC, or a savvy investor for a small flip. This Duplex is huge! It can remain a duplex, or converted back into a spacious 5-6 bedroom single family home. (Check zoning) It is located in the heart of Glenolden on a spacious block, along with a spacious driveway and spacious backyard. The possibilities are endless. There have been numerous repairs and upgrades that will allow you to make finishing touches before moving in. The first floor apartment has one bedroom, spacious kitchen, living room, dining room, and access to the full basement for laundry and storage. The 2nd floor has 2 full baths and 2 bedrooms along with attic space for storage. You, or your tenants, will enjoy the private parking and spacious back yard to entertain or relax. This location invites endless opportunities to become a Landlord, Owner Occupant, or Flip Investor. So, Let's talk NUMBERS! Rentals, within the half mile radius, recently listed at $900 for 1 bedroom, $1350 per month for a 2 bedroom. An owner-occupied FHA 203K Loan (3.5% down at an interest rate of 3.5%) will have an average monthly payment of $1500, which includes Principal Interest Taxes Insurance. A Conventional Loan (20% down at an interest rate of 4.5%) will have an average monthly payment of $1300. These numbers make CENTS! (Qualified buyers vary) Schedule a showing today and grab this awesome opportunity to purchase a home in this highly sought after area before the area gets priced out.