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Updated over 8 years ago on . Most recent reply

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Matt Woods
  • Wayne, PA
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11
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Philadelphia Suburbs - Which are best?

Matt Woods
  • Wayne, PA
Posted

I am curious to get people's take on which western suburbs of Philadelphia are best for a buy-and-hold rental strategy.  I am looking mostly at Chester County but am also interested in Delaware County and Montgomery County.  So far I have been looking mostly at Phoenixville, Downingtown, Bridgeport, and West Chester (and a little bit at Conshy/Manayunk/Roxborough). Curious if anybody has significant experience in these markets and can offer any insight? Thanks

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Ryan Dressel
  • Conshohocken, PA
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42
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Ryan Dressel
  • Conshohocken, PA
Replied

Regarding SEPTA, there are plans to extend the Norristown High Speed line into KoP in the next 5-10 years.

http://www.philly.com/philly/blogs/in-transit/3702...

There are also planned improvements to the capacity in Conshy;

http://6abc.com/traffic/penndot-septa-plan-to-redu...

There have been some back of the napkin ideas about extending rail service out to Phoenixville, but nothing concrete yet.

Outside of SEPTA - other improvements include the on-going widening of 202 out to West Chester, and the $45 million Lafayette St extension project in Norristown which will connect Norristown to 276 in an attempt to re-vitalize the town.  This project is the closest to completion (2017).  I tend to agree with the prior comments about holding rentals near infrastructure access.  Let me know if you have any questions about any of the towns!

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