Investor · Washington, DC · Member since 2014 · 57 posts · 13 votes
Dear BP community - I am looking into buying a SFR in Overbrook neighborhood of Philly (N. Peach St to be exact) What are your general impressions? I am looking for a stable B neighborhood, and will take lower returns. Trulia shows the entire region as green. Is there a strong rental market for that region? It's a bit of a hike from downtown. Should that be a concern?
Investor · Philadelphia, PA · Member since 2011 · 90 posts · 21 votes
11y
Hi Weis,
I do a lot of business in the Overbrook area. It is a pretty desirable area compared to other areas in West Philly. However you need to make sure the property is located in the Overbrook area. Parts of Peach Street is in Overbrook other parts of Peach Street is not, it depends on the actual block.
Investor · Philadelphia, PA · Member since 2011 · 90 posts · 21 votes
11y
Hi Weis,
I do a lot of business in the Overbrook area. It is a pretty desirable area compared to other areas in West Philly. However you need to make sure the property is located in the Overbrook area. Parts of Peach Street is in Overbrook other parts of Peach Street is not, it depends on the actual block.
Investor · Washington, DC · Member since 2014 · 57 posts · 13 votes
11y
Thanks a lot, @Jamal Pitts The property is 1743 N Peach St.
Also, what are your thoughts on E Mt Airy. This is intersection of Chew and Montana St. How do you contrast it with Overbrook as far as rental desirability, safety, etc.
This property is located in the Wynnefield section not Overbrook. I actually seen this property the other day. Have you seen it? I haven't done any business in the East Mt Airy section in a while so I can't provide any concrete advise on the rental market for that area off the top of my head. I do have a rental in the West Mt Airy section that has been very profitable for me and is a good rental location with stable values. Inbox me and I can give you my opinion on the house on Peach St.