Description
Investor Alert | Value-Add Opportunity in Upper Kensington - 3048 B Street Position yourself ahead of the curve in one of Philadelphia's evolving corridors. Welcome to 3048 B Street-an opportunity-packed asset in the heart of Upper Kensington, ideal for investors, landlords, and savvy buyers ready to unlock serious upside. This property already offers strong fundamentals: an open front porch, a traditional main level layout with living room, dining area, and kitchen, plus a private rear yard. The full-length basement provides substantial square footage ready to be capitalized on, while the second-floor features two well-proportioned bedrooms and a full bathroom. Where this deal stands out is in its transformation potential: * Reimagine the basement into a full suite with a bathroom-ideal for added living space or income optimization* Reconfigure the second floor to support two bedrooms and two full bathrooms, increasing functionality and value* Open up the main level to create a modern, flowing layout with a redesigned kitchen that today's buyers and tenants' demand For investors executing the BRRRR Method, this is a textbook acquisition-acquire below market, renovate strategically, stabilize, and refinance to recycle capital. For owner-occupants, this is a prime candidate for an FHA 203(k) Loan, allowing you to customize your home while building equity from day one. Located within the footprint of ongoing redevelopment momentum and benefiting from proximity to designated Opportunity Zones, this asset is strategically positioned to capitalize on long-term appreciation, favorable tax advantages, and continued neighborhood transformation. Key Highlights: * High-upside value-add opportunity* Strong layout with expansion and reconfiguration potential* Ideal for investors, landlords, and first-time buyers alike* Generational upside in a transforming neighborhood* 24-hour notice required for all showings Seller is highly motivated and will consider all serious offers. Opportunities like this-where numbers, location, and vision align-do not sit. Create your strategy, run your numbers, and act decisively. The goal here is clear: position yourself to capture appreciation, cash flow, and long-term equity. Schedule your showing and submit your offer-before someone else does.
Details
| MLS # | PAPH2605018 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1920 |
| Days On Site | 186 |
| Listing Provided By | Eliakim Realty Inc | Nestor F Colon |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 980 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RSA5 |
| Acreage | 0.02 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1014 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19134 |
| Area | 19134 (19134) |
| Community Name | KENSINGTON |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in KENSINGTON) | |
Price: $80,000 low | high Med: $95,000 sqft: 980 low | high Med: 1,176 $ / sqft: $82 low | high Med: $81 On site: 186 low | high Med: 163 | |
Market Activity 19134
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19134 |
| Area | 19134 (19134) |
| Community Name | KENSINGTON |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in KENSINGTON) | |
Price: $80,000 low | high Med: $95,000 sqft: 980 low | high Med: 1,176 $ / sqft: $82 low | high Med: $81 On site: 186 low | high Med: 163 | |
