PA > Philadelphia > Sharswood
Philadelphia, PA 19121,2150 RIDGE AVE
Philadelphia, PA 19121,2150 RIDGE AVE
Philadelphia, PA 19121,2150 RIDGE AVE
Philadelphia, PA 19121,2150 RIDGE AVE
Philadelphia, PA 19121,2150 RIDGE AVE
Philadelphia, PA 19121,2150 RIDGE AVE
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Tyrone Toney

Tyrone Toney

+1(301) 287-3210
$ 240,000
Est. payment | /mo

1,545 SqFt

Save
$ 240,000
Est. payment | /mo
Save

1,545 SqFt

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

Bright MLS (BMLS)
Listed by Alexander Frederick • KW Empower
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(301) 287-3210

tyronetoneytherealtor@gmail.com

4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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2150 RIDGE AVE