$240,000
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2150 Ridge Avenue Philadelphia, PA 19121 Municipality: Philadelphia
Other
Residence
Beds
Baths
Sq. Ft.
0.02
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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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 a...s-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. Donât miss out!
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MLS#
PAPH2390748
Property Type
Other
Year Built
1915
Price per Sq. Ft.
$155.34
Lot Size
0.02
Sewer
Public Sewer
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