1824 Ridge Ave, Philadelphia, PA 19130
- $948,000
- 5,100
- SqFt
- List Price
- $948,000
- Price Change
- ▼ $32,000 1780739156
- Days on Market
- 91
- Status
- ACTIVE
- MLS#
- PAPH2614322
- Living Area
- 5,100
- Lot Size (Acres)
- 0.04
- Style
- Contemporary
- Year Built
- 2019
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
Attention investors, 1824 Ridge avenue is a fully occupied, mixed-use investment property located along the highly trafficked Ridge avenue corridor in Philadelphia. This 6 years old asset consists of 4 total units, including 3 residential apartments all units are: 2 bedrooms and 2 full bath, hardwood floor throughout, Central HVAC, in unit washer/dryer. The top unit has private roof access for extra outdoor space while backyard can be use as community space to be share with unit 1 and unit 2. The ground-floor commercial space with finished basement, offering diversified income in a strong urban location. The building totals approximately 5,100 SF and is zone CMX 2.5, allowing for flexible commercial and mixed-use opportunities. With 100% occupancy, the property provides immediate cash flow and long-term upside through rental growth and value-add potential. Positioned in a rapidly developing area with excellent visibility, public transportation access, and proximity to Temple University, Center City and surrounding neighborhoods, this asset is well-suited for investors seeking stable income in a core Philadelphia market.
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Additional Information
- Area
- 19130 (19130)
- Subdivision
- Francisville
- Taxes
- $4506
- School District
- The School District Of Philadelphia
- Heating
- 90% Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Keller Williams Realty. Contact: 8563211212