As the name suggests, many of Philadelphia’s former beer purveyors called Brewerytown home at one point in time. The neighborhood also housed Columbia Park—the first home of the storied Athletics baseball club that bolted for Kansas City and ultimately Oakland, California, five decades after the park’s 1901 establishment. Like other Philly spots, history oozes from Brewerytown but the present-day attraction for buyers is rooted in a quick commute to the city and nearby attractions such as Fairmount Park and the Philadelphia Zoo. Indeed, a few of the old breweries were converted into apartment complexes and between 2013 and 2015. As home prices and rents rise closer to downtown, buyers seek affordable small town living with easy access to the big city and I have my finger on the pulse of that trend.
The appeal to investing in Brewerytown is the broad range of price points that accompany available dwellings. I can purchase two- and three-story walk-ups that sell for as little as $150,000 or target more modern condominiums that might fetch between $300,000 and $500,000. Comparable properties in Center City often list for twice those values and, if recent trends continue, strong demand for homes in Brewerytown should help appreciation in price as time moves on.
I have found Brewerytown homeowners who have been forced to sell due to rising property taxes. Often, these folks just want to get a decent price for their home and move on. It’s in these situations where my negotiating skills have landed me some dwellings that needed some upgrades but were still acquired for less-than-market cost. Finding these motivated sellers, and the right way to approach them has become a hallmark of my trade.