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2942 French St, Philadelphia, PA 19121

$65,000
: 2
BD
: 1
BA
: 812
SqFt

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Sold Price: $65,000
List Price: $64,900
Closing Date: Jul 06, 2026
Days on Market: 24
Status: CLOSED
MLS#: PAPH2618914
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Living Area: 812
Style: Straight Thru, Traditional
Year Built: 1900
County: Philadelphia
School District: Philadelphia City

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Property Description

Decent cash-flow opportunity from this 2BR Strawberry Mansion property. Investment opportunity for those looking to build equity. Currently tenant-occupied at $850/mo with a solid payment history. Tenants are settled and would prefer to stay but there is flexibility lease is currently month-to-month. Overall the property could would benefit from some sweat equity and cosmetic updates, the "bones" have seen recent attention, including a newer water heater, forced air heat, some window replacements and an updated electric panel. At this price point, the CAP rate is hard to ignore. Keep the steady cash flow as-is, or renovate over time to maximize market rents and forced appreciation. Ample notice required for all showings.

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Additional Information

Area: 19121 (19121)
Subdivision: Strawberry Mansion
School District: Philadelphia City
Heating: Forced Air
Cooling: None
Roof: Flat
Water: Public
Sewer: Public Sewer
Basement: Unfinished