Need advice - Turnkey opportunity in Philadelphia - 54th and Girard
Hi everybody,
I potentially have the opportunity to purchase a turnkey rental property in Philadelphia. The major cross streets are 54th and Girard. It's a fully-renovated duplex with monthly rent of $1,350, NOI of $955, and a purchase price of $107,000. I've not submitted any earnest money or anything yet. It's just a property they have available so I'm just doing my own research to see if it might be a good buy.
I've read numerous posts on this forum as well as other articles touting the "up and coming" status of Phily, but I'm concerned about crime and some of the neighborhoods. I'm most interested in hearing people's opinions who know this particular area. Would this be a potentially interesting deal to you given the area? Thanks in advance for the feedback!