2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
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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2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
2150 RIDGE AVENUE
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

Area & Lot

  • Status Sold
  • Date Sold February 24, 2025
  • Living Area1,545 Sq.Ft.
  • Total 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
  • PoolNo Pool
  • parkingNone
  • HEAT TYPEBaseboard - Electric
  • AIR CONDITIONINGNone
  • sewerPublic Sewer
  • Disability Features2 Access Exits

Financial

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

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