Investor · Montgomery County, PA · Member since 2020 · 255 posts · 238 votes
This city is constantly changing. As some areas begin to appreciate too highly, buy in costs cut down on investors' margins. Neighborhoods all over the city are starting to appreciate and have become favorites for seasoned and new real estate investors alike. What are some of your favorite appreciating areas around the city?
From personal experience, our firm has done well selling to investors in areas such as Cobb's Creek, South Philly (Gray's Ferry/Passyunk Crossing), Strawberry Mansion, Brewerytown, Kensington and Port Richmond.
Have you found success in these neighborhoods? Where are you investing now? Which areas of the city do you think will be the next favorite of real estate investors in the city?
Philadelphia, PA · Member since 2014 · 178 posts · 64 votes
6y
Good question! I was just taking with someone about this earlier today. Of what we’ve bought in the last 5 years or so, most are in Germantown & Mt Airy, one is in Strawberry Mansion. All are working out well! I’d also check out West Oak Lane and Wayne Junction areas if in the market now.
Investor · Philadelphia, PA · Member since 2015 · 8 posts · 4 votes
6y
Hi alex. I'm glad you mentioned Cobb's Creek. We are currently under contract there for a multifamily that we will house-hack. We are still new to RE, thus not enough data to display. Nonetheless, West Philly will be our #1 target area moving forward.
Philadelphia, PA · Member since 2014 · 178 posts · 64 votes
6y
Good question! I was just taking with someone about this earlier today. Of what we’ve bought in the last 5 years or so, most are in Germantown & Mt Airy, one is in Strawberry Mansion. All are working out well! I’d also check out West Oak Lane and Wayne Junction areas if in the market now.
Rental Property Investor · Philadelphia, PA · Member since 2020 · 37 posts · 21 votes
6y
@Alex Uman south Kensington between olde Kensington and Norris square area ( front to American ) you can still find some great properties for rehab or buy hold for at least 3-5yr.. that will for sure appreciate and they continue to bridge that gap.. front to American ave