$218.17 Per Sq Foot $8,455 est/mo Sourced by Back At You

2626-30 Ridge Ave,Philadelphia, PA 19121

Philadelphia PA, 19121

Share with a friend

Description

Motivated seller. Significant value add opportunity through continued leasing. Market rents are $1550-$1650 if new owner chooses, section 8 new 2 bedroom rent allows up to $1764 per month. 2626-30 Ridge avenue is an 8 unit property with a 1 car garage. It was fully gut renovated this year. This property is available as part of a portfolio or may be purchased individually. Unit 2 is currently available for lease and is being marketed at $1650 per month. The portfolio is comprised of 15 units over 4 locations. Two duplexes, atriplex, and an eight unit building with a single car garage. All propertiesare located in Philadelphia neighborhoods of Sharswood and OldeKensington. Per bestplaces.net, the 19133 (Old Kensington) zip code hasenjoyed 17.3% home appreciation in the last 10 years.It also has a robust market for renters making up 45.3% of the population.Home appreciation in the 19121 zip code (Sharswood) has been 19.8%over the last 10 years . Renters make up 49.8% ofthe population. All of these properties have undergone full gutrenovations and were stripped down to the studs. Many of the layoutswere reconfigured. Each property was then rebuilt with new electric,plumbing, hvac, roofing, windows, curb traps where necessary,appliances, kitchens, bathrooms, etc... Each property has a 10 year taxabatement secured. All properties will be sold "as is, where is with all faults and defects" Please take a look at the additional information on the attached brochures. Available properties are a duplex at 2118 W Master st Philadelphia PA 19121, a duplex at 2527 N Front st Philadelphia PA 19133, Triplex at 2323 N 2nd st Philadelphia PA 19121. Portfolio Price $3.65mm Also available is 1937 N Marshall st. A 9 Unit shovel ready ground up construction project.

Details

MLS#PAPH2245958
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1915
Days On Site397
Listing Provided ByEMORY HILL REAL ESTATE SERVICES INC. | Brian Ashby
Buying Commision2% Of Gross

Features

SQ Feet7,219
ZoningRM 1
Acreage0.08

Market Activity 19121

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2024 Bright MLS, All Rights Reserved

Request a showing

Request a showing

Loading Form
Listings Checked: 0
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19121
Area19121
Community NamePhiladelphia (northwest)
School DistrictThe School District Of Philadelp
Listing VS Median (in Philadelphia (northwest))
Price:
$1,575,000
low | high
Med:
$1,920
100% of Average
SqFt:
7,219
low | high
Med:
1,200
100% of Average
$ / SqFt:
$218
low | high
Med:
$2
100% of Average
On Site:
397
low | high
Med:
90.000000
100% of Average
Sourced by Back At You
Listing Updated: July 1, 2024 at 5:19:50 PM PDT