2150 Ridge Avenue
$240,000
—
3
1,545
1,545
$155
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...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!
- Listed by Alexander Frederick • KW EmpowerP: (941)-889-8266 alex@mccannteam.com
Property Details for 2150 Ridge Avenue
Tax ID Number
291274305
OwnershipFee Simple
Structure TypeOther
StyleOther
WaterfrontNo
GarageNo
SubdivisionSHARSWOOD
SubdivisionSHARSWOOD (PHILADELPHIA PA)
LISTING UPDATED: 12/17/2024 12:12 PM
Property Details for 2150 Ridge Avenue
Status | Active |
---|---|
MLS # | PAPH2390748 |
Days on Market | 107 |
Taxes | $1,577 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.02 AC / 690 SF |
County | Philadelphia County |
Building Information for 2150 Ridge Avenue
Stories-Residences3Year Built1915Building Size-Lot Size0.02 AC / 690 SF
Property Information for 2150 Ridge Avenue
Property History for 2150 Ridge Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2150 Ridge Avenue
Taxable ValueLand$42,900Additions$171,800Total$214,700
Tax Record2024$3,005 ($250 / month)
Home Facts
Beds0Total Finished SqFt1,545 SqFtAbove Grade Finished SqFt1,545 SqFtStories3Lot Size690 SqFtStyleCondominiumYear Built1915ZoningCMX2CountyPHILADELPHIAAPN29-1-2743-05
Schools near 2150 Ridge Avenue
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Young Scholars Frederick Douglass Charter School CharterK to 8 | ||
Strawberry Mansion High School Public9 to 12 | ||
Carver High School Public7 to 12 | ||
Philadelphia Military Academy At Elverson Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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