Commercial RE 101: Any suggestions

[sdrealtor]

With the improvements we are at 24K and what about the roof, siding and windows which take you up to 35K easily Thats far from 125% gain over 30 years. What about 30 years of miscellaneous maintenance too?

Taxes are high, maintenance costs are much higher and there are vacancies with hooker/druggie squatters to deal with. Sometimes neighborhood kids think it would be fun to burn down the immigrant owners house. Those are a few reasons that come to mind.

[briansd1]

haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed

[briansd1]

haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed

[briansd1]

haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed

[briansd1]

haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed

[briansd1]

haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed

[UCGal]

[quote=briansd1]haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed[/quote]
The rule of thumb that I had explained to me – if it’s more than 50 years old and has no HOA’s it’s a row-house, not a townhouse. You want a townhouse – go to Horsham, or Wallingford, or any of the other suburbs – you’ll see townhouses – complete with HOAs…

On the first link… Girard is a dividing line between the cool area (art museum area) and North Philly (aka “hood”). My old roommate almost bought a place on Girard – about 2 blocks from that listing (almost at the Girard College). She knew a downside was the being on the very edge of “good neighborhood”. Pluses were being walkable to the museum, restaurants, the fabulous North Star Bar (check it out – very cool place to see music.) The house was fully fixed up and listed for $85k in 1995. The listing you show is partially restored and missing things like a finished bathroom. It’s $100k more for less of a livable place.

If nothing else – in your many visits check out the North Star. I saw El Vez there – one of the best shows ever!!!! (I’ve seen El Vez in 4 states over 20 years – first saw him at the old Spirit club.) North Star and the Khyber are Philly institutions.

[UCGal]

[quote=briansd1]haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed[/quote]
The rule of thumb that I had explained to me – if it’s more than 50 years old and has no HOA’s it’s a row-house, not a townhouse. You want a townhouse – go to Horsham, or Wallingford, or any of the other suburbs – you’ll see townhouses – complete with HOAs…

On the first link… Girard is a dividing line between the cool area (art museum area) and North Philly (aka “hood”). My old roommate almost bought a place on Girard – about 2 blocks from that listing (almost at the Girard College). She knew a downside was the being on the very edge of “good neighborhood”. Pluses were being walkable to the museum, restaurants, the fabulous North Star Bar (check it out – very cool place to see music.) The house was fully fixed up and listed for $85k in 1995. The listing you show is partially restored and missing things like a finished bathroom. It’s $100k more for less of a livable place.

If nothing else – in your many visits check out the North Star. I saw El Vez there – one of the best shows ever!!!! (I’ve seen El Vez in 4 states over 20 years – first saw him at the old Spirit club.) North Star and the Khyber are Philly institutions.

[UCGal]

[quote=briansd1]haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed[/quote]
The rule of thumb that I had explained to me – if it’s more than 50 years old and has no HOA’s it’s a row-house, not a townhouse. You want a townhouse – go to Horsham, or Wallingford, or any of the other suburbs – you’ll see townhouses – complete with HOAs…

On the first link… Girard is a dividing line between the cool area (art museum area) and North Philly (aka “hood”). My old roommate almost bought a place on Girard – about 2 blocks from that listing (almost at the Girard College). She knew a downside was the being on the very edge of “good neighborhood”. Pluses were being walkable to the museum, restaurants, the fabulous North Star Bar (check it out – very cool place to see music.) The house was fully fixed up and listed for $85k in 1995. The listing you show is partially restored and missing things like a finished bathroom. It’s $100k more for less of a livable place.

If nothing else – in your many visits check out the North Star. I saw El Vez there – one of the best shows ever!!!! (I’ve seen El Vez in 4 states over 20 years – first saw him at the old Spirit club.) North Star and the Khyber are Philly institutions.

[UCGal]

[quote=briansd1]haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed[/quote]
The rule of thumb that I had explained to me – if it’s more than 50 years old and has no HOA’s it’s a row-house, not a townhouse. You want a townhouse – go to Horsham, or Wallingford, or any of the other suburbs – you’ll see townhouses – complete with HOAs…

On the first link… Girard is a dividing line between the cool area (art museum area) and North Philly (aka “hood”). My old roommate almost bought a place on Girard – about 2 blocks from that listing (almost at the Girard College). She knew a downside was the being on the very edge of “good neighborhood”. Pluses were being walkable to the museum, restaurants, the fabulous North Star Bar (check it out – very cool place to see music.) The house was fully fixed up and listed for $85k in 1995. The listing you show is partially restored and missing things like a finished bathroom. It’s $100k more for less of a livable place.

If nothing else – in your many visits check out the North Star. I saw El Vez there – one of the best shows ever!!!! (I’ve seen El Vez in 4 states over 20 years – first saw him at the old Spirit club.) North Star and the Khyber are Philly institutions.

[UCGal]

[quote=briansd1]haha. yeah, sdrealtor, I’ve seen some neighborhoods like that.

I have a pilot friend who recently bought a studio in Center City near the Convention Center for $85,000. 350sf w/ 300 HOA. Expensive for just a room, but still not bad compared to SD.

What do you think of this? I like it that townhouses in Philly don’t have HOA.
http://www.cbpref.com/content/3030-w-girard-ave-philadelphia-pa

http://springartspoint.com/pricing.asp
http://maps.google.com/maps?f=q&hl=en&geocode=&q=623+N.+10th+St.,+Philadelphia,+PA+19123&sll=37.0625,-95.677068&sspn=33.847644,81.914062&ie=UTF8&ll=39.973174,-75.149918&spn=0.007993,0.019999&z=14&iwloc=addr&source=embed[/quote]
The rule of thumb that I had explained to me – if it’s more than 50 years old and has no HOA’s it’s a row-house, not a townhouse. You want a townhouse – go to Horsham, or Wallingford, or any of the other suburbs – you’ll see townhouses – complete with HOAs…

On the first link… Girard is a dividing line between the cool area (art museum area) and North Philly (aka “hood”). My old roommate almost bought a place on Girard – about 2 blocks from that listing (almost at the Girard College). She knew a downside was the being on the very edge of “good neighborhood”. Pluses were being walkable to the museum, restaurants, the fabulous North Star Bar (check it out – very cool place to see music.) The house was fully fixed up and listed for $85k in 1995. The listing you show is partially restored and missing things like a finished bathroom. It’s $100k more for less of a livable place.

If nothing else – in your many visits check out the North Star. I saw El Vez there – one of the best shows ever!!!! (I’ve seen El Vez in 4 states over 20 years – first saw him at the old Spirit club.) North Star and the Khyber are Philly institutions.

[clearfund]

UCGal and sdrealtor – You’ve led the horse to the water, but you cannot make it drink. Thus, wish it well in its decision as its already convinced its plan is spot on.

There is a very lucky seller in Phily who is going to get some crazy CA $$$ in his pocket.

Best of luck.

[clearfund]

UCGal and sdrealtor – You’ve led the horse to the water, but you cannot make it drink. Thus, wish it well in its decision as its already convinced its plan is spot on.

There is a very lucky seller in Phily who is going to get some crazy CA $$$ in his pocket.

Best of luck.

[clearfund]

UCGal and sdrealtor – You’ve led the horse to the water, but you cannot make it drink. Thus, wish it well in its decision as its already convinced its plan is spot on.

There is a very lucky seller in Phily who is going to get some crazy CA $$$ in his pocket.

Best of luck.

[clearfund]

UCGal and sdrealtor – You’ve led the horse to the water, but you cannot make it drink. Thus, wish it well in its decision as its already convinced its plan is spot on.

There is a very lucky seller in Phily who is going to get some crazy CA $$$ in his pocket.

Best of luck.

[Author]

Posts