Point Breeze is on the map as 2017’s hottest Philly neighborhood, according to Zillow.com, with a predicted 12% home value growth for the year! Check out this article on the topic here: https://philly.curbed.com/2017/1/6/14179534/philadelphia-point-breeze-hottest-neighborhood-2017
The area spans from 25th to Broad St (many would say it begins closer to 17th Street because of the adjoining area of Newbold) and between Washington Avenue & Mifflin Street.
Subject of much controversy over the past few years, Point Breeze has been a dream come true for investors, with a gross return on investment of up approximately 138% (as reported by phillymag.com in 2016). RealtyTrac.com called Point Breeze a “flipper’s delight and a Millennial magnet”, which has been the general consensus among area natives.
Long-term residents of Point Breeze have mixed feelings about the development. Some are enjoying the beautification of empty lots and old abandoned properties while others are shouting, “Gentrification!” and protesting against the large developers of the area.
Whatever your stance, you cannot deny Point Breeze’s progress and continued activity which shows no signs of slowing down. New home buyers can expect to find 3-story properties built from the ground-up, equip with state of the art finishes, roof top decks, and tax abatements. Of course, there are plenty of 2-story townhomes that have been renovated and are more budget-friendly.
Overall, Point Breeze has become the land of opportunity and certainly home to a diverse demographic. More and more restaurants and local shops are opening their doors to accommodate the needs of this growing area.
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