2626 RIDGE AVENUE
Philadelphia, Pennsylvania, 19121, United States
7,219 ft²
0.08 acres
- beds
- baths
Property Provided By
- Brian Ashby
- EMORY HILL REAL ESTATE SERVICES INC.
- +1 (302) 763-2349
Connect with local buyer agents who are willing to offer commission savings!
Property Information
Motivated seller. Significant value add opportunity through continued leasing. Market rents are $1550-$1650 if new owner chooses, section 8 new 2 bedroom rent allows up to $1764 per month. 2626-30 Ridge avenue is an 8 unit property with a 1 car garage. It was fully gut renovated this year. This property is available as part of a portfolio or may be purchased individually. Unit 2 is currently available for lease and is being marketed at $1650 per month. The portfolio is comprised of 15 units over 4 locations. Two duplexes, a triplex, and an eight unit building with a single car garage. All properties are located in Philadelphia neighborhoods of Sharswood and Olde Kensington. Per website Best Places, the 19133 (Old Kensington) zip code has enjoyed 17.3% home appreciation in the last 10 years. It also has a robust market for renters making up 45.3% of the population. Home appreciation in the 19121 zip code (Sharswood) has been 19.8% over the last 10 years . Renters make up 49.8% of the population. All of these properties have undergone full gut renovations and were stripped down to the studs. Many of the layouts were reconfigured. Each property was then rebuilt with new electric, plumbing, hvac, roofing, windows, curb traps where necessary, appliances, kitchens, bathrooms, etc... Each property has a 10 year tax abatement secured. All properties will be sold as is, where is with all faults and defects Please take a look at the additional information on the attached brochures. Available properties are a duplex at 2118 W Master st Philadelphia PA 19121, a duplex at 2527 N Front st Philadelphia PA 19133, Triplex at 2323 N 2nd st Philadelphia PA 19121. Portfolio Price $3.35mm
Directions
On Ridge between Berks and 26th
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Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Brian Ashby, EMORY HILL REAL ESTATE SERVICES INC. brianashby@emoryhill.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-10-04 09:02:07.
Property Provided By
- Brian Ashby
- EMORY HILL REAL ESTATE SERVICES INC.
- +1 (302) 763-2349
Connect with local buyer agents who are willing to offer commission savings!
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