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Updated over 4 years ago,
Looking for Small multifamily in Philadelphia area
Hello everyone!
I am a new investor to Philly, and last year started out with my first investment in Brewerytown (purchased for $150k, put $20k in rehab, was expecting it to rent at about $2k and its currently renting for $1400). Regardless of its ups and downs, it was a big learning experience.
I am now interested in small multifamily space (2-4 units) to purchase for less than $100k. I am open to some renovation but not out of a shell and I know that really limits my options in central areas.
Do you all have any experience with areas that fit to these criteria in greater Philadelphia area? I am looking to expand my search into other neighborhoods and markets, and would love to connect with fellow investors out there!