Homes for sale - 2150 RIDGE AVE, Philadelphia, PA 19121

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$240,000

Est. payment - /mo

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1,545 SqFt

Active

2150 RIDGE AVE Philadelphia, PA 19121

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Skip Tolley

skip@captainwaterfront.com +1(410) 935-7500

UPDATED:

12/17/2024 04:12 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,545 sqft

Price per Sqft $155

Subdivision Sharswood

MLS Listing ID PAPH2390748

Style Other

Abv Grd Liv Area 1,545

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $1,577

Tax Year 2024

Lot Size 690 Sqft

Acres 0.02

Lot Dimensions 27.00 x 48.00

Property Description

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!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 291274305

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Alexander Frederick • KW Empower