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Updated over 9 years ago on . Most recent reply

User Stats

124
Posts
9
Votes
Marc Oister
  • Investor
  • pottstown, PA
9
Votes |
124
Posts

Deal analysis help

Marc Oister
  • Investor
  • pottstown, PA
Posted

 Im a new investor from the suburbs of Philadelphia.  I spend much time in North Philadelphia and have came across A property today that seems like a good deal but I have no idea about the area it is in.  I am going to look at the property tomorrow and see what the area is like.  Its located on a small block, one block from girard college on the east side of ridge ave. toward broad.  It is on a small block between 19th and 18th st. and two blocks north of girard ave.  I see that everything on the other side of girard rents for 1000+ per month.  I have found other properties a few blocks east that area also renting for 1000+ per month.  

  I have found that it is in the north central part of lower north philadelphia 19121.  I have heard of the brewerytown area being up and coming and was wondering how far brewerytown extends.  If anyone has any knowledge of the area it would be greatly appreciated.  The property already has new drywall, paint, windows, and roof.  I feel that if i can finish the remodel needed with hardwood floors outside paint and central ac while staying at 45k all in, it should be a good deal.  

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