3339 Ridge Ave, Philadelphia, PA 19132
- $575,250
- 3,350
- SqFt
- List Price
- $575,250
- Price Change
- ▼ $14,750 1785788770
- Days on Market
- 31
- Status
- ACTIVE
- MLS#
- PAPH2646186
- Living Area
- 3,350
- Lot Size (Acres)
- 0.03
- Style
- Contemporary
- Year Built
- 1915
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
3339 Ridge Avenue, a cash-flowing triplex. This 3,100 sq. ft. multifamily property features three spacious 2-bedroom units, including Unit A with 2.5 baths. The building is fully sprinklered and includes an unfinished basement, offering additional storage or utility space. Current rents total $4,550/month, generating $54,600 in annual gross income. Based on current expenses, the property produces an estimated NOI of $49,378.09 and an approximate in-place cap rate of 8.37%. Property Highlights: • Triplex with three income-producing units • Current monthly rent: $4,550 • Annual gross income: $54,600 • Estimated NOI: $49,378.09 • cap rate: 8.37% • 3,100 sq. ft. A strong addition to any investor portfolio with solid in-place income and long-term rental upside.
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Additional Information
- Area
- 19132 (19132)
- Subdivision
- Strawberry Mansion
- Taxes
- $921
- Stories
- 3
- School District
- The School District Of Philadelphia
- Exterior Features
- Bump-outs
- View
- City
- Heating
- Central
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Liberty Place. Contact: 6093995454