Real Estate Investor · New York City, NY · Member since 2014 · 21 posts · 5 votes
Can anyone recommend any areas in Philadelphia which are "up and coming" and which may have greater appreciation potential - i.e. those areas which are close to a "hot" neighborhood and are starting to be cleaned up/developed.
Philadelphia, PA · Member since 2014 · 2 posts · 4 votes
12y
Personally, I find that many of the "hot" areas that people are familiar with and talking about have already priced in the potential for future appreciation. That said, Brewerytown does still present good opportunity. Another place that I feel is often overlooked is Grays Ferry, which on the east side has Penn already underway expanding across the river in to the south bank, and from the west Point Breeze spilling over.
Southampton, PA · Member since 2014 · 14 posts · 1 vote
12y
I was in Northern Liberties area a few weeks ago and that area is being completely redeveloped. New construction all over the place and not just one house at a time. I'm talking about blocks and blocks of houses. I haven't been to that area in over 5 years and I couldn't recognize it.
Also, I was in South Philly couple of days ago and saw lots of rehabs around Geno's/Pat's Steaks area.
Rental Property Investor · philadelphia, PA · Member since 2011 · 143 posts · 20 votes
12y
Yeah definitely south philly, is on fire. The north east philly is always a solid Roi as well. Try lower west philly ( the bottom) university of Penn is buying lower west up and gentrifying it.
Rental Property Investor · philadelphia, PA · Member since 2011 · 143 posts · 20 votes
12y
Yeah Tim, that brewerytown is bubbling. And for it to be a north philadelphia area, it suprises me from the retail purchase price, from the price the investor (previous owner) paid. That's not including their rehab cost. But it's some good numbers
Philadelphia, PA · Member since 2014 · 2 posts · 4 votes
12y
Personally, I find that many of the "hot" areas that people are familiar with and talking about have already priced in the potential for future appreciation. That said, Brewerytown does still present good opportunity. Another place that I feel is often overlooked is Grays Ferry, which on the east side has Penn already underway expanding across the river in to the south bank, and from the west Point Breeze spilling over.