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Updated over 8 years ago on . Most recent reply
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Lawncrest section
Does anyone have any opinions on the lawncrest section of NE philly. I live just outside the city and don't know a ton about that area, but i may have a good deal in the area and wanted peoples opinions who have or have had rental properties in the area.
Thank you, also does anyone recommend a good property manager for that area ?
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Hi @Tiffany Campbell, I purchased a duplex in the lawncrest neighborhood last year. I purchased as-is, so I was able to get the property below market. Rehab costs were low and now the property is cash flowing very well. I often see properties that come up in Lawncrest and the Northeast move very fast. Rents here are really good averaging $650 for a one bed/one bath.
As many have said and I am sure you know by now, the block you purchase on will make or break. Do your homework, walk the neighbor at different times during the day. The summer is a great time to do this because people are more active and out and about. Look for proximity of public transportation, supermarkets, retail outlets, etc. This is particularly important in this area because it is a significant distance from Center City Philadelphia or a shopping mall.
I like Lawncrest and am looking to buy more real estate here as well as other Northeast neighborhoods.
Good Luck.