1824 RIDGE Avenue
Property Description
Attention investors, 1824 Ridge avenue is a fully occupied, mixed-use investment property located along the highly trafficked Ridge avenue corridor in Philadelphia. This 6 years old asset consists of 4 total units, including 3 residential apartments all units are: 2 bedrooms and 2 full bath, hardwood floor throughout, Central HVAC, in unit washer/dryer. The top unit has private roof access for extra outdoor space while backyard can be use as community space to be share with unit 1 and unit 2. The ground-floor commercial space with finished basement, offering diversified income in a strong urban location. The building totals approximately 5,100 SF and is zone CMX 2.5, allowing for flexible commercial and mixed-use opportunities. With 100% occupancy, the property provides immediate cash flow and long-term upside through rental growth and value-add potential. Positioned in a rapidly developing area with excellent visibility, public transportation access, and proximity to Temple University, Center City and surrounding neighborhoods, this asset is well-suited for investors seeking stable income in a core Philadelphia market.
Broker Details
Keller Williams Realty - Cherry Hill (856) 321-1212
MLS ID: 3263312 State License Number: RS3263312
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $948,000 |
| No. of Units: | 4 |
| Year Built: | 2019 |
| Lot Size: | 5,100.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $237,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2614322
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