Wholesale Owner Financed

Off Market NE Philadelphia Triplex

3228 Magee Ave, Philadelphia, PA 19149

$350,000 After Repair Value -
$190,000 Asking Price -
$0 Cost of Repairs =
$160,000 Potential Profit

Property Details

Asking Price $190,000

After Repair Value $350,000

Costs of Repairs $0

Potential Profit $160,000

Living Area N/A

Property Type TriPlex

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Property Overview:
• Three?unit building generating approximately $2,800 per month in current rent (1 bed and two 2 beds)
• Located in a stable rental corridor with consistent tenant demand
• Clean title delivered at closing

Seller?Finance Structure:
• Buyer covers all upfront costs (tax payoff, seller walk?away, assignment, closing)
• Seller finances $350,000 at 1% interest
• 30?year amortization
• 5?year balloon
• Monthly payment: approximately $1,125
Total Cash?In Required: Approximately $190,000 all?in to take control of the property.

Financial Performance:
• Gross Rent: $2,800 per month
• Monthly Payment: $1,125
• After expenses, projected net cashflow is approximately $695 per month

Why This Opportunity Stands Out:
• Extremely rare 1% interest rate
• Strong cashflow relative to price and location
• Light renovation scope with fast stabilization potential
• Ideal runway for BRRRR or DSCR refinance
• Diversified income across three units

**Meridian is seeking a qualified buyer who can execute efficiently.

CONTACT LISTING OWNER

Aaron Wilmer

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