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).
Listed By
Agency Name: Re/Max One Realty
Agency Phone: 2159538800
Shown By
Agent Name: Michael Hackenberger
Agent Phone: Cell: (717) 309-2740
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
Estimated Payment
$ 744.62 per month $489.40 Principal & Interest $191.08 Property Tax $64.14 Homeowner's Insurance
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
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 $219,900. 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 michaelhackenberger.homesale.com today.