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2530 Ridge Avenue, Philadelphia, PA 19121
$533,000
2530 Ridge Avenue, Philadelphia, PA 19121View this property at 2530 Ridge Avenue, Philadelphia, PA 19121
2530 Ridge AvenuePhiladelphiaPA19121
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Property Description
Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia - a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.
Full Property Details
Full Property Details for 2530 Ridge Ave
General
- Price: $533,000
- Taxes: $1,858 (2023)
- Status: Active
- Type: Triplex
- MLS ID: PAPH2285656
- Updated: 5/18/2024
- Added to Site: 211 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19121 (19121)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Brewerytown
- Subdivision: Brewerytown
- Driving Directions: On Ridge Avenue.
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Foundation: Slab
- Stories/Levels: 0
- Square Feet: 1,850
- Sq. Ft. Source: Assessor
- Living Area: 1,850 Sq. Ft.
- Finished Above Grnd: 1,850 Sq. Ft.
- Year Built: 1915
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
- 2 Bedroom Units: 3
Unit 1
- Unit Description: Unit 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Unit 3
- Unit Description: Unit 3
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,567
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 90.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $288.11
- Assessment Year: 2023
- School Tax: $1,020
- City/TownTax: $838
- City/TownTax Freq: Annually
- Tax w/Assessment: $132,800
- Tax Amount: $1,858
- Tax Year: 2023
- Tax Total Finished Sq. Ft.: 1850
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 289
Listed by KW Empower, Richard K Cassell
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Schools
Schools serving 2530 Ridge Ave
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
2817 W Glenwood Ave, Philadelphia, PA 19121 | K-8 | 0.3 mi | |
3133 Ridge Ave, Philadelphia, PA 19121 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2530 Ridge Ave
Date
Details
Price
Change
Source
10/24/2023
Listed
$533,000
188.11%
MLS
9/22/2021
Sold
$185,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2530 Ridge Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$1,121
-40%
-100%
2023
$1,859
66%
$132,800
66%
2020
$1,121
72%
$80,100
72%
2019
$652
107%
$46,600
107%
2018
$315
—
$22,500
—
2017
$315
—
$22,500
—
2016
$315
-12%
$22,500
-16%
2015
$360
—
$26,900
—
2014
$360
83%
$26,900
1234%
2013
$197
—
$2,016
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2530 Ridge Ave
2530 Ridge Avenue, Philadelphia, PA 19121 (MLS# PAPH2285656) is a Triplex property with 0 bedrooms and 0 full bathrooms. 2530 Ridge Avenue is currently listed for $533,000 and was received on October 24, 2023. Want to learn more about 2530 Ridge Avenue? Do you have questions about finding other Triplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.