Sweat Equity Opportunity: 1516 S Hollywood St, Philadelphia, PA 19146 (Grays Ferry)

Jul 23
2 min read

1516 S Hollywood St, Philadelphia, PA 19146

3 bed, 1 bath | 980 sqft | Dug Out Basement | $170,000

Pictures: https://drive.google.com/drive/folders/1ueP5efZNYGOT04LRozOYGj2b2HS1HjrT?usp=sharing

Video: https://drive.google.com/drive/folders/1o2EjHOM5P5SHzQJ2BCVbz5sZPI20sUCk?usp=sharing

More Info: see below ⬇️

A long-term tenant just vacated after seven years, and the owner is ready to move the Grays Ferry fixer upper. The house is priced to reflect exactly what it needs, and what it needs is up to you. The house could use fresh paint, new flooring, a kitchen refresh, and you’d have a rentable, sellable house in one of South Philadelphia's fastest-moving pockets. Or the house could use a full gut where you’d be able to command more money in rent or an out sale.

Why Grays Ferry, why this block:

This stretch of Grays Ferry has been one of the more active corners of South Philadelphia Real Estate for buyers and investors chasing the next wave of appreciation before it fully catches up to neighboring Point Breeze and Graduate Hospital. Rowhomes on this same street and within a few blocks have traded anywhere from the low $150s in as-is condition up to $200K+ once lightly updated — and that's before anyone touches a full renovation. The comps are here. The upside is real.

What's already working in your favor:

• A dug-out basement providing real, usable extra space

• A small rear patio/yard, ready to be cleared and reclaimed as outdoor space

• Opportunity to add a full bathroom in the basement

• Opportunity to add a half bath on the first floor

• A bright primary bedroom with two windows pulling in great natural light

• Solid block presence. Well kept neighboring stoops and real curb appeal for the street

Details:

• 3 bedrooms, 1 bath

• 980 square feet

• Dug-out basement — extra usable space, storage, or future finished square footage

• Asking $170,000

• Vacant and ready for your timeline

Bottom line: This Philadelphia Investment Property is for someone who knows the difference between a project and a headache — and Grays Ferry rewards the ones who move first. Whether your plan is a light cosmetic turn or a full renovation to maximize resale, this South Philadelphia rowhome for sale gives you room to make the math work. If you're search for a cash buyer opportunity or your next rehab property in Philadelphia, 1516 S Hollywood is worth a look.