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2150 RIDGE AVENUE
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2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
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2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
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Sold

2150 RIDGE AVENUE

2150 RIDGE AVENUE, PHILADELPHIA, PA 19121

$200,000
INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, one of the three units are rented (#1- $700). The building could generate a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant units 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!

Studio

1,545 Sq.Ft. LIVING AREA

690 Sq.Ft. lot

Alex Frederick

Alex Frederick

Features & Amenities

Interior

  • total bedrooms0
  • APPLIANCES Gas Water Heater

Area & Lot

  • Status Sold
  • Date Sold February 24, 2025
  • Living Area1,545 Sq.Ft.
  • Lot Area690 Sq.Ft.
  • MLS® IDPAPH2390748
  • TypeMulti-Family
  • YEAR BUILT1915
  • Architecture StylesOther
  • School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA

Exterior

  • water SourcePublic
  • PoolNone
  • parkingNone
  • HEAT TYPEElectric, Baseboard
  • AIR CONDITIONINGNone
  • sewerPublic Sewer

Financial

  • Sales Price$200,000
  • Real Estate Tax $1,577/yr
  • Zoning CMX2

Let’s Build Your Next Chapter

Whether buying, selling, or investing, The McCann Collective offers unmatched experience, strategic guidance, and a team committed to your success.
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Contact Mike

Mike McCann “The Real Estate Man”

Phone

(215) 709-4141

Email

[email protected]

Phone

(215) 607-6007

Address

The Mike McCann Team 728 South Broad Street, 3rd Floor Philadelphia, PA 19146 Main Line McCann Team 6 Coulter Ave, Second Floor Ardmore, PA 19003

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By providing your contact information to The McCann Collective, your personal information will be processed in accordance with The McCann Collective's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from The McCann Collective in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from The McCann Collective at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.

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