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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!
Property Type(s):
Multi Family
| Last Updated | 12/6/2024 | Tract | SHARSWOOD |
|---|---|---|---|
| Year Built | 1915 | Community | 19121 (19121) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AREA | 19121 (19121) |
|---|---|
| HEAT | Baseboard, Electric |
| LOT | 871 sq ft |
| LOT DIMENSIONS | 27.00 x 48.00 |
| SEWER | Public Sewer |
| STYLE | Other |
| SUBDIVISION | SHARSWOOD |
| TAXES | 1577 |
| WATER | Public |
Location
Listing provided by KW Empower
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 10:21 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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