4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
REQUEST A TOUR If blingbling would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact blingbling to discuss available opportunities.
In-PersonVirtual Tour
$ 224,900
Est. payment | /mo

3 Beds

1 Bath

1,182 SqFt


Save
$ 224,900
Est. payment | /mo
Save

3 Beds

1 Bath

1,182 SqFt

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,182 sqft

Price per Sqft $190

Lot Size 978 Sqft

MLS Listing ID PAPH2580954

Financing Conventional,Cash

Style Other

Subdivision East Falls

Bedrooms 3

Full Baths 1

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

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).

Location

State PA

County Philadelphia

Area 19129 (19129)

Zoning RSA5

Rooms

Other Rooms Living Room, Dining Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1

Basement Sump Pump, Water Proofing System

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Exterior Feature Patio(s), Porch(es)

Waterfront N

Water Access N

View City

Roof Type Flat

Accessibility None

Porch Patio(s), Porch(es)

Parking Type On Street

Building

New Construction N

Story 2

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Story 2

Additional Building Above Grade, Below Grade

Schools

School District The School District Of Philadelphia

Others

Senior Community No

Pets Description Cats OK, Dogs OK

Tax Amount $2,293

Tax Year 2021

Tax ID 213191400

Ownership Fee Simple

SqFt Source 1182

Acceptable Financing Conventional, Cash

Special Sale Standard

Pets Allowed Y

Bright MLS (BMLS)
Listed by Edward McDonald • Re/Max One Realty

Nearby Locations

GET MORE INFORMATION

Your Name*
Your Number*
Your Message*

abcdefg2