1824 Ridge Ave,PHILADELPHIA, PA 19130
PHILADELPHIA, PA 19130
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.
Details
| MLS # | PAPH2614322 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2019 |
| Days On Site | 161 |
| Listing Provided By | Keller Williams Realty | Andrew F Cheng |
Features
| SQ Feet | 5,100 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | CMX2.5 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
| Window Features | Casement, Energy Efficient |
| Appliances | Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer |
Exterior
| Security Features | Intercom, Electric Alarm |
|---|---|
| Construction Materials | Block, Concrete, Combination |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4506 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| Community Name | FRANCISVILLE |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANCISVILLE) | |
Price: $948,000 low | high Med: $2,600 sqft: 5,100 low | high Med: 1,011 $ / sqft: $186 low | high Med: $3 On site: 161 low | high Med: 50 | |
Market Activity 19130
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| Community Name | FRANCISVILLE |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANCISVILLE) | |
Price: $948,000 low | high Med: $2,600 sqft: 5,100 low | high Med: 1,011 $ / sqft: $186 low | high Med: $3 On site: 161 low | high Med: 50 | |
