1728 North Peach Street

Philadelphia - United States of America

Properties > 1728 North Peach Street
EST. ANNUAL RETURN
7.09%
INVESTMENT TERM
4 years
INVESTMENT TYPE
Crowdfunding
PROPERTY TYPE
Townhome
TARGET
$213,000

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Description

A fantastic investment opportunity, this property is comprised of a Townhouse, originally constructed in 1920. The property has 3 bedrooms, 1 bathroom, a kitchen and a living room. 


About the area

Neighbourhood: Wynnefield

Wynnefield is located 5 miles northwest of Philadelphia city centre. This neighborhood is a residential area that offers mostly townhomes and a number of single-family and multi-units. Wynnefield is located very close to the Fairmount Park, the largest municipal park in Philadelphia. House prices in this area are forecast to increase up to 23% over the next 3 years.

Philadelphia

Philadelphia is the sixth largest city in the U.S. and the largest in Pennsylvania. The city is home to around 1.6 million people of diverse racial groups and cultures. Philadelphia has a very rich history, being the location of the signing of the Declaration of Independence, home to the Liberty Bell and one of only 3 cities where U.S. Congress has ever convened. Voted by Conde Nast in 2022 as one of the 20 "Best Destinations in the World", The ’City of Brotherly Love’ is home to a vibrant cultural scene and wide variety of restaurants and bars.

Philly’s population is notable for its young demographic, with a median age of 34 and increasingly educated - around 31% of adults possessing a college or university degree, higher than the national average. The recipient of $3.4 billion investment from 2020 to 2021, Philadelphia’s architecture incorporates everything from classical wooden structures through to glass and steel skyscrapers that dominate the skyline. Its buoyant real estate sector is an important part of the economy. With home ownership at around 61%, single-family residences and townhouses form the major housing stock, with average monthly rents at about $1,560 and a median sales value of $300,364 according to Zillow. This represents a 5-year increase of 24.4% and 31.3% respectively. Median home sales prices are projected to keep rising in 2022 and forecast to increase by 15.79% by the end of 2023.

Selling points

Strong Market Fundamentals

Our experienced and professional real estate team review each and every Bricksave deal utilising our AI driven, Algorithmic real estate sourcing program.

Excellent Condition

This property has undergone a detailed inspection and has recently been refurbished. This, in addition to a built-in reserve for pre-sale renovations, positions the property for capital gains on exit of the investment.

Tenant in place

The property is already occupied with a new long-term lease. This will allow investors to receive immediate returns once the property is fully funded. 


Investment Timeline
  • Funding started
    6th Oct. 2022
  • Funding complete
    1st March 2023
  • Rental starts
    1st March 2023
  • Returns start
    1st April 2023
  • Year 1 returns
    1st April 2024
  • Year 2 returns
    1st April 2025
  • Year 3 returns
    1st April 2026
  • Year 4 returns
    1st April 2027
  • Property sold


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