Saugerties, NY · Member since 2014 · 98 posts · 32 votes
Hi all, does anyone have recent experience with Feltonville. Specifically I am looking a duplex on A street near Eleanor st. I know a few years back it had trouble with crime & poverty. From what i read there seems to be a little more positive community development there. Chocolate/Coffee/Baking shops popping up. A little community activism. Anyone with firsthand experience? @Ethan Giller & @Paulette Midgette your opinions are usually very balanced and informed. Would love to hear them (if you have experience)
Rental Property Investor · Philadelphia, PA · Member since 2013 · 139 posts · 232 votes
10y
@Nathan J. I have some properties there, my impression is that it's a solid C area... I don't consider it a war zone but I don't think it's likely to gentrify in the immediate future. Just my personal opinion and others with more knowledge could prove my wrong, but I would say that you should buy if the rental numbers make sense based on current conditions and don't expect much appreciation.
Rental Property Investor · Philadelphia, PA · Member since 2013 · 139 posts · 232 votes
10y
@Nathan J. I have some properties there, my impression is that it's a solid C area... I don't consider it a war zone but I don't think it's likely to gentrify in the immediate future. Just my personal opinion and others with more knowledge could prove my wrong, but I would say that you should buy if the rental numbers make sense based on current conditions and don't expect much appreciation.
Investor · Philadelphia, PA · Member since 2014 · 344 posts · 276 votes
10y
Hi @Nathan J., I am agreeing with @Ethan Giller here. Feltonville was traditionally a middle class neighborhood that transited after the factories began to close. I believe like so many neighborhoods Feltonville will make a turn, but I believe it is years away and I am talking beyond 5.