4855 Ridge Ave, Philadelphia, PA 19129
- $219,900
- 3
- BD
- 1
- BA
- 1,182
- SqFt
- List Price
- $219,900
- Price Change
- ▼ $5,000 1779926043
- Days on Market
- 170
- Status
- ACTIVE
- MLS#
- PAPH2580954
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,182
- Lot Size (Acres)
- 0.02
- Style
- Other
- Year Built
- 1930
- County
- Philadelphia
- School District
- The School District Of Philadelphia
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).
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Additional Information
- Area
- 19129 (19129)
- Subdivision
- East Falls
- Taxes
- $2293
- School District
- The School District Of Philadelphia
- Exterior Features
- Exterior Lighting, Flood Lights, Sidewalks
- View
- City
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Roof
- Flat
- Water
- Public
- Sewer
- Public Sewer
- Room Level
- Bedroom 1: Upper 1, Bedroom 2: Upper 1, Bedroom 3: Upper 1, Kitchen: Main, Dining Room: Main, Living Room: Main
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Re/Max One Realty. Contact: (215) 961-6003
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