Buying a rental property in point breeze

[Maneesh Joshi]

Hello,

So I am planning on buying a rental property in the point breeze area. I plan on buying a property that has been recently renovated so is pretty much ready to rent right out of the gate.

I wanted to see if people who currently have rental properties in the area are fairing?  Is there anything that you did not expect?  Was there any areas of the neighborhood that you would avoid or inversely focus on?  Most of my search has been on the border of PB and Grays Ferry.  

Also, I was curious as to what type of renters you are seeing in point breeze.  Are they mostly couple or families, or roommates? Are most of your renters older or younger that work in center city?  Are there aminities in the rental that are must have to maximize rental income(ie central AC, finished basement, outdoor space...etc)?

Appreciate any insight.
 

[Timm DeSalis]

@David Krulac This is Philly guessing since they are referencing Greys Fairy also in the same post.

@Maneesh Joshi I have two friends who have rental properties there and they are seeing mostly young couples who like the basement and yard. The one was able to get more for allowing pets. Both have Central AC so again able to charge more. If you would like any more information about the area please let me know!