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Daniel Rallo

danielrallo@kw.com +1(609) 338-7364

$ 240,000

Est. payment -/mo

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Active

2150 RIDGE AVE Philadelphia, PA 19121

1,545 SqFt

UPDATED:

10/14/2024 11:52 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 Trinity

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, 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!

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

Waterfront N

Water Access N

Accessibility 2+ Access Exits

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Trinity

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

Daniel Rallo

Broker Associate | License ID: 0448508

+1(609) 338-7364

Daniel Rallo

2150 RIDGE AVE Philadelphia, PA 19121

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2150 RIDGE AVE