🔥 Philly Fire Sales: 40% Cuts, Fire Damage & Bank Liquidations
Blood in the streets = money in your pocket
This week's opportunities include a 5-unit foreclosure bleeding on market for 98 days at exceptional $74/sqft pricing.
Plus a fire-damaged triplex priced 25% below assessment creating restoration upside.
Also a bank-owned mixed-use corner building with 109-day liquidation timeline.
And a price-collapsed triplex dropping 40% from $450K to $270K after seller capitulation.
Free readers get the 5-unit foreclosure.
Paid subscribers get all 4 distressed property breakdowns.
Distressed Deals of The Week
🔥 Fire Sale - Distressed Diamond
98 days stagnant + cash-only terms = desperate seller ready to negotiate on this 5-unit building at $74/sqft.
$1,462/month rent potential + 89% rental upside = massive income opportunity for rehab specialists with deep pockets.
💀 Fire Damage - Phoenix Project
Fire-damaged triplex priced 25% below tax assessment = ultimate fixer-upper for restoration experts.
42 saves in 13 days + strong investor interest = validation that smart money sees the opportunity despite the charred exterior.
🏦 Bank Liquidation - REO Reality
109 days of bank ownership + motivated institutional seller = prime negotiation setup for cash buyers.
Corner mixed-use building with existing commercial tenant + 3 vacant renovated units = immediate cash flow plus upside potential.
📉 Price Massacre - 40% Haircut
Massive price cuts from $450K to $270K after 140 days = seller capitulation creating serious buyer leverage.
End-unit triplex with $2,042/month rent potential + finished basement = house hack goldmine for live-in investors.
531 N 63rd St, Philadelphia, PA 19151
🏠 6 beds | 3,174 sq ft | $235,000
5-unit residential building in Haddington neighborhood.
Built 1915, needs full renovation.
$74/sqft = exceptional Philadelphia value
💡 Pro Tip:
This foreclosure has been stagnating on market for 98 days with only 203 views - classic distressed asset signals.
Historical rental data shows units previously renting at $775/mo (2017), while current Rent Zestimate of $1,462/mo indicates 89% rental appreciation potential post-renovation.
💰 Financial Snapshot
Est. Market Value: Zestimate unavailable
Purchase Status: 98 days on market (listed 5/5/2025)
Current Ask: $235,000 (cash/other terms only)
Layout: 6 bed multi-family (5 separate units)
Building Size: 3,174 sq ft
Lot Size: 1,650 sq ft (15x110)
Year Built: 1915 (110 years old)
Price per Sq Ft: $74/sqft
Rent Zestimate: $1,462/mo (89% above 2017 actuals)
Annual Taxes: $4,631 (1.97% on $235K - high effective rate)
Tax Assessed Value: $330,900 (29% discount to assessment)
⚠️ Heads Up
Judicial foreclosure = legal complexity
No bathroom count is a red flag
Cash-only terms
High 2% tax rate
🏆 Best for:
Experienced rehab investors with significant cash reserves
Value-add specialists comfortable with heavy renovation projects
University rental market players
Why it works:
Exceptional basis at $74/sqft in Philadelphia market
University proximity = tenant demand
Tax assessment 29% above ask = recognized value