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1824 Ridge Ave

Philadelphia PA 19130

6
5100 sq. ft.
1844 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
5100 sq. ft. floor area
1844 sq. ft. lot size
Other

Property history for 1824 Ridge Ave

2019
Sold
$796,500
19 Nov 2019 by Stephen Stafford, of Keller Williams Philly

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