New construction homes in Philadelphia present lucrative opportunities to experienced real estate investors. Many home builders in the state of Pennsylvania choose to do their projects in larger cities like Pittsburgh and Philadelphia. For this month's featured project, we take a look at a glorious, newly constructed townhome in the city of Philadelphia.
Watch the video below to check out this luxurious Philadelphia, PA new build!
The home builder did a wonderful job in ensuring this townhome would grab the attention of anyone who passes by. The developer chose to partner with Fund That Flip, as we provided the funds necessary to complete the project. Some of the home's most attractive features include four off-street parking spaces (2 garage, 2 driveway) - a rare find in this area, a rooftop terrace oasis, four bedrooms, three bathrooms, over 3,600 square feet, stainless steel kitchen appliances, quartz countertops, a master suite with a walk-in closet, a spa-inspired bath with a soaking tub, a walk-in shower, and an additional laundry room, and more!
3 Need-to-Know Stats to Build Houses in Philadelphia, PA
If you are planning to build or flip houses in Philadelphia, PA, it will be crucial to have a strong grasp on the local market. Check out these three important Philadelphia real estate stats:
- The median price of a Philadelphia home is $265,000 as of March 2021, an 11.8% increase YTD.
- Expected job growth in Philadelphia over the next ten years is expected to be 28.4%.
- Family median income in Philadelphia is $50,434.
Are You Ready to Build New Homes in Philadelphia?
Looking for an alternative to stocks? Real estate investing can earn up to 9% annual returns on pre-vetted, low LTV, real estate secured loans. Fund That Flip offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. Click below to make an investment today!