2626 Ridge Ave

Philadelphia, PA 19121 View Map $1,600,000 Schedule a Tour
Sq.Ft. Lot3,597
Year1915
Reid Rosenthal

Reid Rosenthal

(267) 626-7613

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Status: Active
Property Type:Interior Row/Townhouse
MLS #:PAPH2260232
On Site:19 Days
Lot Size:3,597 Sq. Ft.
County:Philadelphia

Listing Office

Office:EMORY HILL REAL ESTATE SERVICES INC.
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 bestplaces.net, 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 $3.65mm

Also available is 1937 N Marshall st. A 9 Unit shovel ready ground up construction project for $525,000

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
2/17/2024$1,625,000$1,600,000-1.5%

Community Information

Address:2626 Ridge Ave, Philadelphia, PA 19121
Zip Code:19121

Architecture

Year Built:1915
Style:Federal
Exterior: Brick, Masonry
Year Renovated: 2023
Foundation: Concrete Perimeter
Garage: Garage - Rear Entry
Garage Spaces: 1.00
Detached Garage Spaces: 1

Features / Amenities

Other Structures: Above Grade
Cooling: Central A/C
Heating: Central
Cooking Fuel: Electric
Fuel On Site: Electric
Hot Water: Electric

Property Features

Lot Size: 0.08 Acres / 3,597 Sq. Ft.
Parking: On Street, Detached Garage
Sewer: Public Sewer
Water Source: Public
Utilities: Electric Available
Central Air: Yes
Municipality: PHILADELPHIA
Zoning:RM 1
Directions:On Ridge between Berks and 26th

Tax and Financial Info

Tax Year: 2023
Total Taxes: $5,189 (paid Annually)

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2626 Ridge Ave Philadelphia,  PA 19121
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2626 Ridge Ave Philadelphia, PA 19121
 
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Listing Information Last Updated 2/22/2024
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