Harrison St. Philadelphia PA 19124

[Allison Karrels]

I am looking to buy a duplex from ABC Capital and wanted input on an address from any Philadelphia folks out there:  1925 Harrison St. Philadelphia, PA 19124

The math all looks solid - $96,000, total rent $1250 - After 25% down mortgage, vacancy, repairs, maintenance, property management - cash flows $462, 10.61% cap rate.  The purchase price is after a full renovation and tenants are secured.

I don't know the area, but I am willing to drive the 3 hours to check it out further if it has potential - before I did I wondered what people here thought about that specific street or area.  This would be our first duplex and our first major city property.   

Thanks for any insight.