4855 RIDGE AVE, Philadelphia, PA 19129
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4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
4855 RIDGE AVE, Philadelphia, PA 19129
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Listed by Edward McDonald • Re/Max One Realty
$ 224,900
Est. payment /mo
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Price Dropped by $15K

4855 RIDGE AVE Philadelphia, PA 19129

3 Beds

1 Bath

1,182 SqFt


UPDATED:

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

Subdivision East Falls

MLS Listing ID PAPH2580954

Style Other

Bedrooms 3

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 1,182

Year Built 1930

Annual Tax Amount $2,293

Tax Year 2021

Lot Size 978 Sqft

Acres 0.02

Property Sub-Type Interior Row/Townhouse

Source 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

Exterior

Exterior Feature Patio(s), Porch(es)

Water Access N

View City

Roof Type Flat

Accessibility None

Porch Patio(s), Porch(es)

Garage N

Building

Story 2

Foundation Stone

Above Ground Finished SqFt 1182

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Pets Allowed Y

Senior Community No

Tax ID 213191400

Ownership Fee Simple

SqFt Source 1182

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK


Bright MLS (BMLS)
Stephanie Fronczak

Stephanie Fronczak

REALTOR® | License ID: NJ 2335903 & PA RS372897

+1(856) 515-2363

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4855 RIDGE AVE