Is 19143 a good area to buy and hold?

Is 19143 a good area to buy and hold?

New to Real Estate · Bristol, PA · Member since 2018 · 4 posts · 0 votes
Has anyone every bought and held any property in 19143 area (southwest Philadelphia)? I may have a good deal but the area is a bit sketchy to me and I don’t know if any buys area interested in that area.
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Realtor · Philadelphia, PA · Member since 2016 · 45 posts · 29 votes
7y

@Daniela Mboana Yes, certainly depends where the property is within 19143, it's a very large zip code. A ton of single family 3 bed, 1.5/2 baths, 1200 +- 100 sqft homes going for low 200's in the 52 to 56th area, in the vicinity of Malcom X Park or Baltimore

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  • Flipper/Rehabber · Yardley, PA · Member since 2015 · 451 posts · 307 votes
    7y

    near 50th/Baltimore area is growing a lot, but other then that I'm unsure.  I invest in 19145 area code instead and have had great success.

  • Realtor · Philadelphia, PA · Member since 2016 · 45 posts · 29 votes
    7y

    @Daniela Mboana Yes, certainly depends where the property is within 19143, it's a very large zip code. A ton of single family 3 bed, 1.5/2 baths, 1200 +- 100 sqft homes going for low 200's in the 52 to 56th area, in the vicinity of Malcom X Park or Baltimore

  • New to Real Estate · Bristol, PA · Member since 2018 · 4 posts · 0 votes
    7y

    Great. What do you think of buying a rental in 19134 (Kensington area)? I'm not too familiar with Philadelphia county.

  • Rental Property Investor · Philadelphia, PA · Member since 2015 · 95 posts · 53 votes
    7y

    It depends on where it is located.  Philly is block by block.  I tend to stay north of Baltimore Ave.

  • Rental Property Investor · Philadelphia, PA · Member since 2018 · 8 posts · 6 votes
    7y

    @Jeremy Fisher I agree with you. The 19143 is a fairly large zipcode. I've personally seen a lot of success in the Cobbs Creek and Kingsessing neighborhoods. For example, I know someone who just flipped a property in Cobbs Creek and it appraised for slightly above 200k. @Daniela Mboana I'd be happy to let you know if the property you came across is on a good block/area. Feel free to DM me! 

  • Realtor · Philadelphia, PA · Member since 2016 · 45 posts · 29 votes
    7y

    @Daniela Mboana 19134 can be tough. The numbers will work no doubt, but there are fewer areas that I would recommend in that zip code given crime/drug related issues. I would recommend 19133 and 19125 close to the border of 19134, but those areas will be tougher to find cash flow in. 

  • Real Estate Agent · Philadelphia, PA · Member since 2015 · 54 posts · 34 votes
    7y

    It really depends on the subject property. Some areas in Philly are block-by-block.  19143 can be South West, or it can be West Philly. West Philly would be the better area, but you need to run some comps on the subject property and see what the numbers are. That will give a better idea on whether the property is good for buy and hold or for Flip purposes. I'm looking at property in that area currently and it's definitely a rough area in South West Philadelphia. 

  • New to Real Estate · Bristol, PA · Member since 2018 · 4 posts · 0 votes
    7y
    @Elyse Choi Great! I’ll send you a message! Thank you!
  • New to Real Estate · Bristol, PA · Member since 2018 · 4 posts · 0 votes
    7y
    @Jerome Lewis Jr Yes. Philladelphia is definitely a rough area. I’m not familiar with the area so its hard for me to determine if I have a deal or not. However I hear a lot of good things when it comes to investing there which is why I’m looking. The property I’m talking about is in Upper Kensington but it’s going up for auction soon.
  • Real Estate Agent · Philadelphia, PA · Member since 2015 · 54 posts · 34 votes
    7y

    @Daniela Mboana, Philadelphia is not a rough area in it's entirety. There are some great areas as well as rough areas. Almost anything could be a deal for the right price and for the right buyer. Philadelphia is a solid market to invest in. A lot of people from New York, and New Jersey like to invest here, because it's a pretty good market. If you're unable to analyze the deal, feel free to reach out to me. I can go over it with you and let you know if it's a good deal or not. You can contact me here, or you can text or email me. I gave you my business card at the networking I met you at a few weeks ago. 

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