'ENTIRE' Philadelphia neighborhood goes on sale for $7 MILLION - complete with 35 single-family homes - sparking furious debate over what will happen to occupants if new owner snaps it up
- Zillow listed the 'fully occupied, and well managed' complex in May
- A woman, named Sierra, shared screenshots of it to TikTok this week
- It left many people on the web uncomfortable and worried for the tenants
An 'entire neighborhood' in Philadelphia that boasts 35 single-family homes has hit the market for $7 million - sparking furious debate over what will happen to the occupants of the properties if the sale goes through.
The 'premium, fully occupied, and well managed' complex, which is located in the Cobbs Creek area of West Philly, was listed on Zillow - and other real estate sites - back in May, but when someone shared some screenshots of it on TikTok this week, it left social media users uncomfortable.
'All 35 parcels are situated in a tight geographic area ideal for management and enhanced economies of scale,' reads the description.
'These fully occupied 35 townhomes present an advantageous investment opportunity in a rapidly improving West Philadelphia neighborhood, close to amenities, public transportation, Cobbs Creek Trail, and other developments.'
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The listing describes the sale as a 'significant capital appreciation opportunity' and points out that many of the homes have 'under-valued rents.'
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Of the 35 homes, 27 of them have three bedrooms, seven have four bedrooms, and one has five bedrooms.
The Zillow post also notes that there is currently a '$65 million commitment by the city of Philadelphia,' among others, to 'revamp' a golf course in the area.
A woman named Sierra posted grabs of the bizarre listing to TikTok, and it quickly went viral, gaining more than 60,000 views and sparking a fierce reaction from other users.
'There's an entire neighborhood for sale in West Philadelphia, and something about this does not sit right with me,' she said in the video.
'Something about them mentioning "under-valued rents" makes me very nervous for the families living in these homes.
Sierra said the people living in the homes should have a chance to buy them 'instead of their entire neighborhood being up for sale,' adding, 'This is really blowing my mind and pissing me off. I don't like this.'
According to the US Census, Cobbs Creek has a median family income of $52,649, which is around $16,000 lower than the national median family income.
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The Zillow post also notes that there is currently a '$65 million commitment by the city of Philadelphia,' among others, to 'revamp' a golf course in the area
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Many people took to the comment section to share their thoughts, and they too were not happy about it.
'The fact that ONE person or company was able to buy an entire neighborhood boils my blood. That shouldn’t be allowed,' one person wrote.
'They're def gonna raise the rents, get them to leave or be evicted, and then turn them into "luxury" or something,' said someone else.
Another viewer added: 'Mentioning the golf course and "rapidly improving" area means they're def courting buyers who will look to increase the annual ROI.'
'The [tenants] should have the first option to buy at reduced prices,' read a fourth comment.
'Ain’t even known you could sell a neighborhood full of people living in it,' a shocked user commented.
'How is this possible? People live in these places?' asked a different person.
Since the video received so much attention online, the realtor in charge of selling the 35 homes clarified to Daily Dot that the listing was for a 'property portfolio' and not 'an entire neighborhood,' as Sierra described it.
He insisted, 'It's just a seller who owns 35 properties and is selling them. [They're located] across a couple neighborhoods.'
