Listing provided courtesy of: KW Empower.
2150 Ridge Avenue
Philadelphia, PA 19121-
Est. Payment/ mo
INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, two of the three units are rented (#1- $700 and #2- $750), generating a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant unit could be rented as-is for $800/month, however, this property offers an excellent investment opportunity, with the potential to increase rents up to $1,000 per unit with basic cosmetic updates. Additionally, Section 8/PHA approval could nearly double rents to around $1,300 per unit. Conveniently located near public transportation, Brewerytown, grocery stores, laundromats, the Stephen Klein Wellness Center, and more, this property is a prime candidate for maximizing your investment in a rapidly developing area. Don’t miss out!
PROPERTY DETAILS
- Price $240,000
- Price / Sq Ft $155
- Bldg/Unit Size (Sq Ft) 1,545
- Building Units 3
- Land/Lot Size (Sq Ft) 871
- Property Type Residential Income
- Year Built 1915
- MLS Number PAPH2390748
- Days on Market 76
TAXES & HOA
- Annual Taxes (USD) $1,577
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: KW Empower. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2024 by BRIGHT MLS. All rights reserved. Listing last updated on 11/11/2024 17:10:30
