SQUARE FEET5,100
MLS#PAPH2614322
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFRANCISVILLE
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Fully Finished, Heated
Basement: Yes
Cooling: Central A/C
Fuel Type: Electric
Heating: 90% Forced Air
Home Style: Contemporary
Lot Size: 0.04 Acres
Taxes: $4,506
Year Built: 2019
Feature Descriptions
Accessibility: 32"+ wide Doors
Additional Structures: Above Grade, Below Grade
Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer
Exterior: Block, Concrete, Combination
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 3
Units: 4
Water: Public
Windows: Casement, Energy Efficient
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Phone: 8563211212
Shown By
Agent Name: Cindi Ward
Agent Phone: Cell: (717) 903-5068
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,842.39 per month $2,181.06 Principal & Interest $375.50 Property Tax $285.83 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1824 Ridge Avenue | MLS# PAPH2614322
This multi-family property located at 1824 Ridge Avenue, Philadelphia, PA 19130 is currently listed for sale with an asking price of $980,000. Ridge Avenue is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on cindi-ward.homesale.com today.