Property Details
Property Type
Flip / Single Family / Rental
Location
Deal type
Philadelphila
Off-market deals are now coming from all over PA. Who wants in?
Check it out on our Deal Depot:
👉 Philly Deal – 3 Bed Turn-Key w/ $25K+ Built-In Equity
6229 Race St, Philadelphia, PA 19139
Asking Price: $165,000
ARV: $195,000 – $205,000
By the Numbers
Current As-Is Value: $190,000
Purchase Price: $165,000
Estimated Equity at Purchase: $25,000+
ARV Estimate: $195K–$205K
Cash-on-Cash Return (20% Down): ~10–12%
Section 8 Rents in the Area: $1,700+/month
Highlights
3 Beds / 1.5 Baths / 1,042 SF
Finished basement & central AC
Turn-key with light rehab potential
Updated systems (HVAC, plumbing, electric ~4 years old)
Low entry point – perfect for a quick flip or long-term rental play
Located in West Philly near universities, hospitals, and major employers
West Philadelphia continues to be one of the city’s most dynamic neighborhoods—blending education, healthcare, and cultural demand. This property positions you for immediate equity and solid cash flow potential.
📞 Schedule a Walkthrough
Christian Rich – 610-509-8391 | crich@morrowwargo.com
Team Line – 484-791-6200 | admin@morrowwargo.com
www.morrowwargo.com
Real Wealth, Real Growth, Real Estate
The Morrow-Wargo Group
Realty ONE Group Supreme
Team: 484-791-6200 | Office: 610-321-3730
Disclaimer: This is an assignment of contract deal. All buyers are responsible for their own due diligence and buyer agent fees. Investment returns are not guaranteed. See website for full disclosures.