Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS3
BATHS1 full
SQUARE FEET1,182
MLS#PAPH2580954
STATUSACTIVE
PROPERTY TYPEResidential - Townhouse
SUBDIVISIONEAST FALLS
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
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).
Property Features
Property Type: Residential - Townhouse
Basement: Sump Pump, Water Proofing System
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.02 Acres
Roof Type: Flat
Stories: 2.0
Taxes: $2,293
Year Built: 1930
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 24
Exterior: Masonry
Exterior: Exterior Lighting, Flood Lights, Sidewalks
Lot Dimensions: 0.02 Acre(S)
Municipality: PHILADELPHIA
Number of Rooms: 6
Pet Restrictions: Cats OK, Dogs OK
Rooms: Living Room, Dining Room, Bedroom 2,Bedroom 3,Kitchen, Bedroom 1
Sewer: Public Sewer
Special View Info: City
SQFT Above Finished: 1182
SQFT Total Finished: 1182
Structure Type: Interior Row/Townhouse
Water: Public
Room Sizes
Bedroom 1: 13 x 13 Level - Upper 1
Bedroom 2: 12 x 10 Level - Upper 1
Bedroom 3: 10 x 8 Level - Upper 1
Kitchen: 10 x 11 Level - Main
Dining Room: 11 x 10 Level - Main
Living Room: 20 x 14 Level - Main
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Re/Max One Realty
Agency Phone: 2159538800
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 1,411.71 per month $1,150.66 Principal & Interest $191.08 Property Tax $69.97 Homeowner's Insurance
4855 Ridge Avenue | MLS# PAPH2580954
This townhouse located at 4855 Ridge Avenue, Philadelphia, PA 19129 is currently listed for sale with an asking price of $239,900. This property was built in 1930 and has 3 bedrooms and 1 full baths with 1182 sq. ft. Ridge Avenue is located in the EAST FALLS subdivision within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search EAST FALLS real estate on www.duffyrealestate.com today.