$240,000
 $1,288 est/mo Sourced by Back At You

2150 Ridge Ave , Philadelphia, PA 19121

Philadelphia, PA 19121

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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!

Details

MLS#PAPH2390748
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1915
Days On Site171
Listing Provided ByKW Empower | Alexander Frederick

Features

SQ Feet1,545
Units1
ZoningCMX2
Acreage0.02
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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19121
Area19121
Community NameSharswood
School DistrictThe School District Of Philadelp
Listing VS Median (in Sharswood)
Price:
$240,000
low | high
Med:
$0
On Site:
171
low | high
Med:
Sourced by Back At You
Listing Updated: January 14, 2025 at 2:17:39 AM PST