Philadelphia Properties
Why invest in Philadelphia?
- Largest City in Pennsylvania.
- Population Philly: 1,579,000 and is the sixth most populated city in the US.
- The region has deep ties to the education, healthcare, and food industries, and its many historical sites and landmarks (hello, Liberty Bell and Independence Hall!) deliver a steady stream of tourist activity as well.
- The city is also home to dozens of colleges, universities, and institutes of higher education — including renowned ones like the University of Pennsylvania, Temple, Bryn Mawr, and Villanova.
- As is the case with most U.S. cities, Philadelphia is experiencing a run-up in home prices. The metro’s median price currently sits at $238,000. And while that’s well below the national median of $330,000, it’s still a shocking 14% jump for Philly over the year.
- Also famous for its Philly Cheese Steaks!
- Rent prices are also up over the year, with a 2.5% jump between December 2019 and December 2020. Currently, the median rent comes in at $1,589 — a $38 annual increase for the city, but still well below the nation’s average of $1,740.
- Philadelphia’s unemployment rate was one of the worst in the country when the pandemic first hit, topping out at over 14%. While employment recovered in the back half of 2020, that rate has started to rise once again. It currently sits at 7.7% — up 3.1% from January of last year and more than a full percentage point higher than the national average.
- Rental vacancies stand at 5.9% and are down slightly (-0.2%) annually, despite a steep incline since mid-last year. They’re also well below the vacancy rates seen in years past and are quite a bit under national numbers, too. In short? Rentals are in demand, and units are filling up.
- Home to the Philadelphia Eagles football team, Philadelphia Phillies baseball team, Philadelphia Flyers hockey team and Philadelphia 76ers basketball team.
for sale
5538 Broomall St, Phila, PA 19143
3 bed/1 bath, 1,176 sq ft / Done & Rented
- Asset Cost: $125,000
- Reno Cost: $0
- Total Cost: $125,000
- Rent: $1300 / month
- Cap Rate: 8.1%
Comps*/ARV $133,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
3456 E St, Philadelphia, PA 19134
3 bed/1 bath, 980 sq ft / Done & Rented
- Asset Cost: $120,000
- Reno Cost: $0
- Total Cost: $120,000
- Rent: $1200 / month
- Cap Rate: 8.1%
Comps*/ARV $122,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
For Sale
4440 Griscom St, Phila, PA 19124
3 bed/1 bath, 1,539 sq ft / Done & Rented
- Asset Cost: $115,000
- Reno Cost: $0
- Total Cost: $115,000
- Rent: $1200 / month
- Cap Rate: 8.0%
Comps*/ARV $141,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
327 N Horton St, Phila, PA 19139
3 bd/1 ba, 2100 sq ft / Done & Rented
- Asset Cost: $113,000
- Reno Cost: $0
- Total Cost: $113,000
- Rent: $1200 / month
- Cap Rate: 8.1%
Comps*/ARV $133,000
* Comps are not a guarantee, but an estimate of after repair value (ARV)0
for sale
3259 Joyce St, Philadelphia PA 19134
3 bed/1 bath, 762 sq ft / Done & Rented
- Asset Cost: $117,000
- Reno Cost: $0
- Total Cost: $117,000
- Rent: $1200 / month
- Cap Rate: 8.0%
Comps*/ARV $120,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
for sale
3451 N 3rd St, Philadelphia PA 19140
3 bd/1 ba, 1,008 sq ft / Done & Rented
- Asset Cost: $117,600
- Reno Cost: $0
- Total Cost: $117,600
- Rent: $1200 / month
- Cap Rate: 8.0%
Comps*/ARV $118,000
* Comps are not a guarantee, but an estimate of after repair value (ARV).
SOLD
1204 Adams Ave, Phila, PA 19124
- Asset Cost: $125,000
- Reno Cost: $0
- Total Cost: $125,000
- Rent: $1450 / month
- Cap Rate: 8.1%
Comps*/ARV $149,000
* Comps are not a guarantee, but an estimate of after repair value (ARV)
For Sale
6231 N Gratz St, Philadelphia, PA 19141
- Asset Cost: $130,000
- Reno Cost: $0
- Total Cost: $130,000
- Rent: $1350 / month
- Cap Rate: 7.83%
Comps*/ARV $155,000
* Comps are not a guarantee, but an estimate of after repair value (ARV)
for sale
2077 Granite St, Phila, PA 19124
- Asset Cost: $117,500
- Reno Cost: $0
- Total Cost: $117,500
- Rent: $1200 / month
- Cap Rate: 7.9%
Comps*/ARV $150,000
* Comps are not a guarantee, but an estimate of after repair value (ARV)