522 GILHAM ST Philadelphia, PA 19111

HUGE PRICE REDUCTION TODAY, NOVEMBER 2,2021. NOW PRICED AT $144,000. ALL OFFERS WILL BE REVIEWED AND RESULTS THE NEXT BUSINESS DAY. NOTICE TO ALL AGENTS AND CLIENTS- NO BLIND BIDS!! AGENT MUST PHYSICALLY SHOW THE PROPERTY TO THEIR CLIENTS PLUS AGENT & CLIENT MUST READ THE ATTACHED HUD PROPERTY DISCLOSURES.. Once upon a time, in a really nice area in 19111, there now appears our first HUD OWNED multi-family DUPLEX we've had in 20 years. HUD case #441-951099 is now on the market and available for bid TODAY 10/15/2021. Now understand this is a 3+2 DUPLEX not legally zoned as such. HUD SAYS YOU CAN LIVE IN ONE UNIT AND RENT THE OTHER. YOU CAN EVEN RENT THE 2 CAR DETACHED GARAGES. This incredible home value is for OWNER OCCUPANT BUYERS and ALL INVESTORS. Bid deadline is daily thereafter at 11:59 PM until sold. Investors may get involved on today- meaning now "EQUAL HOUSING OPPORTUNITY". LBP. 2007 SQUARE FEET. BUILT IN 1935. All HUD properties are sold 100% "AS IS". Place you highest and best bid today. Keeping in mind that HIGH NET BID WINS and everyone else loses. Classified as IE- insured with escrow repair. CASH, CONVENTIONAL MORTGAGES, FHA-203-K all welcome. Needs some major fixin' up but still a great value. A FULL HOME INSPECTION + STRUCTURAL ENGINEERING REPORT IS RECOMMENDED. Think about this one. You might not ever have to make a mortgage payment if your rental income exceeds your mortgage payments. First floor has 2 bedroom, living room, kitchen and full bathroom. 2nd & 3rd floor unit 2 has 3 bedrooms, 1 bathroom, living room, kitchen and full bathroom. There are also 2 garages in the back. You can keep them for yourself and rent them out. Separate heating unit and hot water tanks. We could go on and on so just look at the photos and tour. HUD does not pay any transfer tax , U & O, all at buyers expense. HUD is not involved in any first time buyer programs but there is available to qualified buyers, a special FHA mortgage needing only $100 down payment and you can even take all the repairs and most of the improvements and add them in the same $100 down mortgage. Deed shall be conveyed by "Special Warranty" Deed or it's equivalent. AGENT & CLIENTS MUST READ THE ATTACHED HUD PROPERTY CONDITION DISCLOSURES PRIOR TO PLACING ANY AND ALL BIDS. Managed by RAINE COMPANIES. You're on the clock so get your bids in prior to the deadline. IT IS SUGGESTED AND RECOMMENDED THAT A FULL HOME INSPECTION BE MADE BY BUYER. THERE IS NO GAS INTO THE PROPERTY. PLUMBING IS COMPROMISED AS IS THE ELECTRIC. SOLD 100% "AS IS" Utilities CANNOT BE ACTIVATED FOR ANY INSPECTIONS READ ATTACHED DISCLOSURES OR REVIEW ON THE HUDHOMETORE SITE.