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Updated over 7 years ago on . Most recent reply

User Stats

65
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Kendra Mattson
  • Investor
  • San Diego, CA
20
Votes |
65
Posts

Need advice on Philadelphia property location

Kendra Mattson
  • Investor
  • San Diego, CA
Posted

I'm not sure if I selected the right category for this, but I am in San Diego and have been looking at out of state deals for cash flow. I found one in Philadelphia, PA that I could snag for pretty cheap. It needs a good amount of work, but my main concern is whether anyone would want to live in this area of town. I would, of course, visit the property myself if I go forward with an offer, but I'd like to screen it out early if the location just doesn't make any sense. According to Google Maps, it's between West Philadelphia/West Parkside and Powelton Village. I tried looking up crime stats, but the website I usually use doesn't have Philadelphia apparently.

Does anyone have any insight into what the good/bad neighborhoods here are or how I could determine which this is (before I get on a plane)?

Thanks!

Most Popular Reply

User Stats

344
Posts
276
Votes
Paulette Midgette
  • Investor
  • Philadelphia, PA
276
Votes |
344
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Paulette Midgette
  • Investor
  • Philadelphia, PA
Replied

@Kendra Mattson, this is the Manuta neighborhood.  It is located between Belmont and Powelton Village neighborhood. It is also located close to the Philadelphia Zoo and our Major expressway in and out of the City.  I have looked at homes in the area.  While there are some signs of development it is slow.  The neighborhood remains an improvised area, delegate and abandonment is still prevalent here.

If you can stag anything in Philadelphia for cheap, if it looks like a great deal but has been on the market more than 30 days, it is probably because it is in a neighborhood that is not the best.  Competition in Philadelphia is at an all time high, it has pushed the City's RE market into a mini bubble (in my opinion).  Good properties don't sit on the market and they are no longer cheap.

Good luck.

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