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5229 Ridge Avenue

PHILADELPHIA, PA 19128
  • $4,785,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: PAPH2038520
UPDATED: 33 min ago
$4,785,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,461
    SQFT
  • $196
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Description

Rarely offered, cash-flowing value-add real estate portfolio of 17 properties located in the Manayunk/Roxborough area of Philadelphia, Pennsylvania grossing +/- 360,000 annually in rental income. The properties have been updated and well maintained, leased to strong tenants throughout Ownership's tenure. Located in the highly desirable northwest submarkets of Manayunk, Roxborough, Wissahickon - just outside of the urban core, easily accessible to Interstate 76 (suburban Philadelphia expressway), University City and Center City. Residents of this investment portfolio enjoy a relaxed, amenitized, safe and convenient lifestyle. Average rent = 1795/month with capacity to boost rents to 2250/mo through a light cosmetic capital enhancement program (rental upside). Average square footage = 1440 SF. 17 total properties included. Enquire within for additional properties and portfolio financials.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McCallister Myers & Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-07T22:57:28.943.
www.mma.homes/homes/122587841
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5229 Ridge Avenue PHILADELPHIA, PA 19128

  • Price: $4,785,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 33 min ago
  • ID#: PAPH2038520
0
Beds
0
Baths
0
½ Baths
0.03
Acres
24,461
SQFT
$196
$/SQFT
1900
Built
Neighborhood:
Manayunk
County:
Philadelphia
Area:
19128 (19128)
School District:
The School District Of Philadelphia
Property Description
Rarely offered, cash-flowing value-add real estate portfolio of 17 properties located in the Manayunk/Roxborough area of Philadelphia, Pennsylvania grossing +/- 360,000 annually in rental income. The properties have been updated and well maintained, leased to strong tenants throughout Ownership's tenure. Located in the highly desirable northwest submarkets of Manayunk, Roxborough, Wissahickon - just outside of the urban core, easily accessible to Interstate 76 (suburban Philadelphia expressway), University City and Center City. Residents of this investment portfolio enjoy a relaxed, amenitized, safe and convenient lifestyle. Average rent = 1795/month with capacity to boost rents to 2250/mo through a light cosmetic capital enhancement program (rental upside). Average square footage = 1440 SF. 17 total properties included. Enquire within for additional properties and portfolio financials.
Exterior Features

Architectural Style Straight Thru Construction Materials Masonry Garage YN No Location Type Urban Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 24461 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplace YN No Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 17

Property Features

Accessibility Features None Assessment Year 2021 Central Air YN Yes Cooling Fuel Electric Cross Street Manayunk Ave Foundation Details Concrete Perimeter Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 801121816328 Ownership Interest Fee Simple Possession Immediate Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 2683.00 Tax Assessment Amount 191700.00 Tax Lot 145 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning Rsa3

Listing courtesy of Compass Pennsylvania, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McCallister Myers & Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-07T22:57:28.943.
 
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