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Do these SFH prices make sense in Philly?
Hey BP community!
I am looking to purchase my first SF investment property in West/South-West Philly from a local TK provider. My concern is their prices might be too high and since i will never get appreciation in those areas I will be stuck and unable even to get my money back even in 10 years ... Can anyone tell me whether these prices make sense?
2537 S.Shields 3BD/1BT- $84,000
1719 S.Ringgold, Point Breeze 3BD/1BT- $70,500
2520 S.Felton 3BD/1BT- $82,000
1635 South 55 Street 3BD/1BT- $82,000
5827 Belmar, Cobbs Creek Cove- $83,000
Note: houses are fully renovated.
Thanks a lot!
Ekaterina