Brian Ashby Emory Hill Real Estate
This listing was posted on Brian Ashby Emory Hill Real Estate (via ListedBuy).
$1,750,000
2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232
Price:
$1,750,000
BR/BA:
2 BR
Location:
2626 Ridge Ave, Philadelphia, PA
Description:
Motivated seller. Significant value add opportunity through continued leasing. Market sales are $1550-$1650 if new owner chooses, section 8 new 2 bedroom sale 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 , the 19133 (Old Kensington) zip code has enjoyed 17.3% home appreciation in the last 10 years. It also has a robust market for saleers making up 45.3% of the population. Home appreciation in the 19121 zip code (Sharswood) has been 19.8% over the last 10 years. Saleers 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. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
7,215 sq. ft.
Amenities:
Parking
For sale by:
Agent/Broker
Agent Name:
Brian Ashby Emory Hill Real Estate Services Inc.
Posted:
October 16 2023 on ListedBuy
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More About this Listing: 2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232
2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232 is a Two Bedroom Multi-Family Real Estate for Sale at 2626 Ridge Ave in Philadelphia PA. Find other listings like 2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232 and listings near 2626 Ridge Ave by searching Oodle Classifieds for Two Bedroom Multi-Family Real Estate for Sale in Philadelphia PA.
2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232 is a Two Bedroom Multi-Family Real Estate for Sale at 2626 Ridge Ave in Philadelphia PA. Find other listings like 2626 Ridge Ave, Philadelphia, PA 19121 - MLS PAPH2260232 and listings near 2626 Ridge Ave by searching Oodle Classifieds for Two Bedroom Multi-Family Real Estate for Sale in Philadelphia PA.