This industrial city is tranforming into a smaller and smarter tech, medical, and transportation hub.

Adding bedrooms will not only add value to the property, but it will allow for more rentable space.Properties near public transportation: While multiple, rentable spaces is important, it is not the only factor you should consider.

Me and a couple of investor friends made a Newburgh trip and we concluded to postpone our plans there because although we saw some movement the lack of direct transportation from NYC is IMHO is what makes it trail behind decades places like Beacon.

TRANSPORTATION CODE §313.054(d): Street Improvements aka paving lien.

Gray's Ferry according to this novice real estate investor.Fishtown pros - proximity to major highway and transport lines, shopping of all sorts nearby and fair share of boutique pro chef restaurants and micro brew style bars, name already seen as hip and flippers proving buyers will pay a premium to move.Gray's ferry pros - major hospital and university expansion started just a mile or two away, prices still mostly accessible, near major highway and transport lines. cons: doesn't carry the popularity of fishtown and still seen by most as street-by-street, there's little or no shopping and certainly no restaurant or hip bar scene.My current strategy is buy and hold for the long term.

Public transportation is definitely important.

If it is a high walking score, you may attract tenants without access to reliable transportation but from my experience, most people in the midwestern/southern cities have access to some form of transportation.

It is urban and walkable, you don't really need a car, there is 24 hr transportation to NYC and a train station.

The new brewery in Wayne Junction is right on the Nicetown border, as is the Wayne Junction transportation center which offers a fast commute into downtown.

Great restaurants and bars, the best view of NYC from the waterfront, great access to transportation, including a 15 min drive to Newark Airport (once we do that again).