2232 Reed Street

Investor-friendly and buyer-ready! This 3-bedroom, 1.5-bath home is nestled in the thriving Point Breeze neighborhood — one of Philly’s hottest up-and-coming areas. With tenants already in place, this property offers immediate rental income for savvy investors or a unique opportunity for buyers looking to move in and make it their own. Step inside to find hardwood floors throughout the first level, offering timeless charm and durability. Upstairs, you'll find carpeted hallways and hardwood flooring in the bedrooms, including a spacious main bedroom that could use a little TLC to really shine. The kitchen and bathrooms are in average condition, functional and ready for some light updates or upgrades. The finished basement adds valuable bonus space — perfect for a rec room, office, or extra storage. The home features oil heat with forced air and window units to keep things cool in the summer. Enjoy relaxing evenings on the front porch or hosting get-togethers in the backyard, which offers just the right amount of space.

This property qualifies for a 10K Grant offered by Prosperity Home Mortgage, which can be used for closing costs, rate buy-down, and more. It is fully forgivable to all buyers, not just first-time buyers. Reach out for more information.

Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate.

With a Walk Score of 82, most daily errands can be completed without the need for a car. The Bike Score of 83 reflects strong biking infrastructure. You're just steps away from local favorites like Community, Cafe Ynez, Tasty Toast, and Two Eagles Cafe — perfect for grabbing coffee or enjoying a bite to eat. Nearby grocery options include Christian Food Market, Palot Reyes Grocery, Olivares Food Market, and Federal Food Market, offering convenient access to fresh ingredients and everyday essentials. Families will appreciate being near McDaniel Delaplaine School and South Philadelphia High School, making the location ideal for all stages of education. For commuters, the Tasker-Morris Station on the Broad Street Line (BSL) is just a one-minute walk away, offering direct access from NRG Station to Fern Rock TC — a dream for city travel. Outdoor lovers will enjoy proximity to green spaces like Wharton Square, Vare Playground, and Catharine Park, providing great spots to relax or get active in the neighborhood.

Whether you're looking to expand your rental portfolio or settle into a community on the rise, this home delivers solid potential and value in one of South Philly’s most dynamic neighborhoods.

📍Schedule your showing today!