Philadelphia, PA 19121,2926 RIDGE AVE
Philadelphia, PA 19121,2926 RIDGE AVE
Philadelphia, PA 19121,2926 RIDGE AVE
21
$475,000
$475,000
Est.Price: ?

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2,643 SqFt

2926 RIDGE AVE Philadelphia, PA 19121

Est. payment /mo
SOLD DATE : 06/22/2022

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Key Details

Sold Price $475,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 2,643 sqft

Price per Sqft $179

Subdivision Strawberry Mansion

MLS Listing ID PAPH2065936

Sold Date 06/22/22

Style Other

Abv Grd Liv Area 2,643

Originating Board BRIGHT

Year Built 1936

Annual Tax Amount $2,243

Tax Year 2022

Lot Size 1,887 Sqft

Acres 0.04

Lot Dimensions 18.87 x 100.00

Property Description

GREAT CASH FLOW OPPORTUNITY! 2926 Ridge Avenue is ready!!!

This captivating (4 + 1 ADU) multi-family includes a commercial storefront with an attached additional dwelling unit. This is the opportunity to obtain a unique development in a rapidly appreciating market with the ability to increase rent over time. Spacious units that feature both modern amenities and original character. New floors, plenty of natural lighting, open kitchen plan, stainless steel appliances, beautiful tile backsplash, living room areas. All units are newly renovated 2021/22 - All GE stainless steel appliances, granite countertops, w/ unique backsplashes & finishes. All units have newly renovated bathrooms. Meticulously maintained and ready for the next investor! All units are self-contained (ALL ELECTRIC & HVAC). There is an intercom system in each unit. Keyless entry, security cameras installed. Walking distance to Blaine Middle School and Strawberry Mansion High School. Unit mix: (2) 2Bed /1Bth, (1) 1Bed / 1Bth, (1) Commercial Unit w/ (1) ADU – Studio (Can be used separately). Lower Level Commercial space/storefront can easily be used as an office, retail or commercial use, hair salon/barbershop, Small Cafe, etc. This quad +1 is turnkey, located in a busy commercial district, close to public transportation, shops, less than 5miles to center city Philadelphia.

ZONING - CMX-2
The sale can be contingent upon receipt of the renter's license (waiting for city to upload)

Commercial Spaced Occupied (Daycare) at $1500 p/m 10 Yr. Lease
2nd Floor Rear tenant Occupied $1100 p/m
Projected Remaining Units
1st Floor Rear Projected $1200
2nd Floor Front Projected $1150
3rd Floor Projected $1400

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX2

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Central

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 323039600

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Contract, Conventional, FHA, VA

Listing Terms Cash, Contract, Conventional, FHA, VA

Financing Cash,Contract,Conventional,FHA,VA

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ronda Kelly • Realty Mark Cityscape
Bought with Casey L Daneker • Keller Williams Realty - Kennett Square

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