Value in Forgotten Bottom

6 Replies

Hey BP, I've been continuing my research on hot areas in south philly, and one of the neighborhoods I've come across is Forgotten Bottom. Is there any value in this area? With the growth of Gray's and Point Breeze, I think I can see some rising property value but I would love to hear what you all think. Any data/information that can help me develop my investment plan would be greatly appreciated. Thanks in advance!

Originally posted by @Alexander Brian Frederick :

Hey BP, I've been continuing my research on hot areas in south philly, and one of the neighborhoods I've come across is Forgotten Bottom. Is there any value in this area? With the growth of Gray's and Point Breeze, I think I can see some rising property value but I would love to hear what you all think. Any data/information that can help me develop my investment plan would be greatly appreciated. Thanks in advance!

 What are the boundaries of this neighborhood? First I've heard of it. 

Originally posted by @Troy S.:
Originally posted by @Alexander Brian Frederick:

Hey BP, I've been continuing my research on hot areas in south philly, and one of the neighborhoods I've come across is Forgotten Bottom. Is there any value in this area? With the growth of Gray's and Point Breeze, I think I can see some rising property value but I would love to hear what you all think. Any data/information that can help me develop my investment plan would be greatly appreciated. Thanks in advance!

 What are the boundaries of this neighborhood? First I've heard of it. 


 

Article in link below gives bounds for Forgotten Bottom.

http://www.ocfrealty.com/naked-philly/grays-ferry/forgotten-bottom-still-loaded-with-potential

Unrelated - another "bottom" neighborhood is Black Bottom (just south of the light green area) in West Philly. I teach at a school on the edge of Belmont and East Parkside. There is a tiny bit of development going on now. It seems like from local folks fixing up their own properties. Not much work by big players or small rehabbers yet.

The neighborhood still has a long way to go, but its proximity to highway access points, fairmount park, and still somewhat close to the train make it a good spot IMO for a long term strategy. Prices are still dirt cheap.

Image result for black bottom parkside belmont mantua

Hey @Troy S.  , the neighborhood is right next to Gray's Ferry and it borders the Schuylkill to the west and north. If you have more questions, look at  @Steve Babiak  response! 

To @Max T. 's comment, I've looked into Black Bottom before but from what I understand, it is more of a historic neighborhood that's been converted into Student Housing areas in Ucity. I would love to hear more about this neighborhood so I can share this info with my investors if it's a good place to buy!

Originally posted by @Alexander Brian Frederick :

Hey @Troy S. , the neighborhood is right next to Gray's Ferry and it borders the Schuylkill to the west and north. If you have more questions, look at  @Steve Babiak  response! 

To @Max T. 's comment, I've looked into Black Bottom before but from what I understand, it is more of a historic neighborhood that's been converted into Student Housing areas in Ucity. I would love to hear more about this neighborhood so I can share this info with my investors if it's a good place to buy!

 Forgotten Bottom seems very isolated. Proximity seems great but I don't see you walking out of that neighborhood to a bar or restaurant. 

Black Bottom looks like Powelton Village unless I'm missing something and Powelton Village prices are insane! Am I mistaken? 

Originally posted by @Troy S. :
Originally posted by @Alexander Brian Frederick:

Hey @Troy S. , the neighborhood is right next to Gray's Ferry and it borders the Schuylkill to the west and north. If you have more questions, look at  @Steve Babiak  response! 

To @Max Tanenbaum 's comment, I've looked into Black Bottom before but from what I understand, it is more of a historic neighborhood that's been converted into Student Housing areas in Ucity. I would love to hear more about this neighborhood so I can share this info with my investors if it's a good place to buy!

 Forgotten Bottom seems very isolated. Proximity seems great but I don't see you walking out of that neighborhood to a bar or restaurant. 

Black Bottom looks like Powelton Village unless I'm missing something and Powelton Village prices are insane! Am I mistaken? 

 I may be off with what I'm calling Black Bottom, but what I'm seeing is going on right off Parkside Ave, Girard Ave, between 34th and say 42nd. Maybe beyond. 

Close to student housing but no students there yet. Random one-off rehabs going on, but still a lot of blight.

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