Next Hot Neighborhood in South Philadelphia

[Alexander Brian Frederick]

Hey BP,

With all the expansion in South Philly neighborhoods like Grad Hospital and Point Breeze, what are the next hot markets south of Market? I've been looking at Pennsport, West Passyunk, and Gray's Ferry predominantly but I would love to hear what you all thought.

[Mike B.]

@Alexander Brian Frederick - my bias (and favorite area to invest currently) is West Passyunk.  Close to lots of retail, walking distance to coffee shops, new breweries, also large big box stores (Home depot, pet smart, gym, etc) and close to I-76.  Easy access to center city (bus lines on 21/22nd run north/south) and the stadiums.  5 min car ride to the Upenn/Drexel area and about 15 mins to Phila airport.  Also most homes need some rehab, but can be purchased for 125-150K and depending on finish levels, rented up to 1600/month.  I speak from experience.. I own 2 and am purchasing a 3rd right now in that area.