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5229 Ridge Ave

Philadelphia PA 19128

0.03 ac.
Multi-Family
Currently for sale - view listing

Overview

Rarely offered, cash-flowing value-add real estate portfolio of 17 properties located in the Manayunk/Roxborough area of Philadelphia, Pennsylvania grossing +/- 360,000 annually in rental income. The properties have been updated and well maintained, leased to strong tenants throughout Ownership's tenure. Located in the highly desirable northwest submarkets of Manayunk, Roxborough, Wissahickon - just outside of the urban core, easily accessible to Interstate 76 (suburban Philadelphia expressway), University City and Center City. Residents of this investment portfolio enjoy a relaxed, amenitized, safe and convenient lifestyle. Average rent = 1795/month with capacity to boost rents to 2250/mo through a light cosmetic capital enhancement program (rental upside). Average square footage = 1440 SF. 17 total properties included. Enquire within for additional properties and portfolio financials.

Features

0.03 ac. lot size
Multi-Family

Property history for 5229 Ridge Ave

2019
Rented
Undisclosed
01 Nov 2019 by Keller Williams Main Line
2019
Sold
$130,000
28 Jan 2019 by Ara Cheftalian, of Urban Realty Corporation

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