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(855) 450-0442
Real Broker NY LLC
4855 Ridge Ave, Philadelphia, PA 19129
- $196,000
- 3
- BD
- 1
- BA
- 1,182
- SqFt
- List Price
- $196,000
- Price Change
- ▼ $9,000 1790028231
- Status
- ACTIVE
- MLS#
- PAPH2580954
- Bedrooms
- 3
- Bathrooms
- 1
- Full-baths
- 1
- Living Area
- 1,182
- Lot Size
- 978
- Region
- 19129 (19129)
- Subdivision
- East Falls
- Year Built
- 1930
- Acres
- 0.02
Property Description
Attention Investors! 4855 Ridge in a turnkey rent and hold investment. Good solid tenant wants to stay, they are paying below market $ 1,650 a month. Property has a 7% cap rate at that rent. Market rent is $ 2,100 which would take cap rate to 12%! Moderate yearly increases could get you to market rent in 3 years but would only take 1 year to get to 10% cap rate! Located in sought after East Falls, This 3 Br. 1Ba is in close proximity to Manayunk and the Schuykill River Trail. The property offers a wonderful flow on the 1st level with a large family room, nice dining room, and kitchen. The 2nd level features 3 bedrooms, an updated bath, and a covered deck backing to woods. Newer Heater, main sewer line and basement waterproofing system. Tenant is on month to month lease. Current Tenant interested in extending lease. Close commute to/from colleges/universities (Phila. Univ, Temple, PCOM, St. Joe's, Drexel, PENN, Wharton School of Business, Lasalle, Univ of the Sciences, Univ of the Arts, Moore College, Pierce College).
Additional Information
- Style
- Other
- Foundation
- Stone
- Accessibility Features
- None
- Exterior Features
- Lighting, Flood Lights, Sidewalk
- Water
- Public
- Basement
- Sump Pump, Water Proofing System
- Roof
- Flat
- Heating
- Forced Air
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Listing courtesy of Re/Max One Realty. Contact:
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