4225-4237 Ridge Ave, Philadelphia, PA 19129

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List Price
$2,500,000
Days on Market
1
Status
ACTIVE
MLS#
PAPH2671692
Lot Size (Acres)
0.14
Year Built
1939
County
Philadelphia
School District
Philadelphia City

Property Description

Rare opportunity to acquire a substantial, fully occupied mixed-use investment property in the heart of East Falls. Located at 4225-37 Ridge Avenue, this impressive building consists of 10 residential apartment units and 5 commercial spaces, offering a diversified and established income stream in one of Philadelphia’s most desirable and well-connected neighborhoods. The property is currently 100% occupied and generates just under $21,000 per month in gross rental income, providing immediate cash flow from day one. The combination of residential and commercial tenants creates a strong mixed-use investment with multiple sources of revenue under one roof. Prominently positioned along Ridge Avenue, the property benefits from excellent visibility, accessibility, and proximity to the shops, restaurants, businesses, and neighborhood amenities that continue to make East Falls an attractive place to live and work. The location also provides convenient access to Center City, Kelly Drive, major highways, public transportation, and nearby universities and employment centers. With 15 total income-producing units, full occupancy, and nearly $252,000 in annual gross rental income, 4225-37 Ridge Avenue presents a compelling opportunity for an investor looking to acquire a sizable, stabilized mixed-use asset in a strong Philadelphia location. Showings and additional financial information available upon request.

Additional Information

Area
19129 (19129)
Taxes
$11531
School District
Philadelphia City
Heating
Heat Pump(s)
Heating Fuel
Electric, Natural Gas
Cooling
Ductless/Mini-Split
Water
Public
Sewer
Public Sewer

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Compass Pennsylvania, LLC. Contact: 2674358015