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$196,000

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).

3 Beds ⋅ 1 Baths

4855 Ridge Ave, Philadelphia

Listing courtesy of Re/Max One Realty. Contact:

$500,000

0% down $0.00 PMI financing and $5000 in grants available at Laurel Ridge Estates! Only 18 remaining of 21 thoughtfully designed townhomes along the scenic Schuylkill River, just moments from the vibrant energy of East Falls. Ridge Avenue addresses available now and delivering more in 2027! These homes are built for modern living, with smart layouts and features that make everyday life easier — including a dual-purpose pantry and coat closet, open-concept living with a bright kitchen that flows seamlessly into the dining and living areas, and plenty of space for entertaining. Each home includes a private second-floor home office, a finished basement that can serve as a rec room, guest space, or home gym, and a green roof with views of the city and surrounding riverfront. Thoughtful details such as ensuite bathrooms, garage parking, walk-out basements, and generous storage make these homes a practical and stylish choice. Financially, Laurel Ridge is designed with value in mind. A 10-year tax abatement keeps annual taxes under $500, no HOA fees are due until the development is 50% occupied, and dual-zoned HVAC systems add comfort and efficiency. Buyers can also access location-based grants and loans with no income restrictions. Nestled in the charming Paradise neighborhood, Laurel Ridge places you steps from local favorites like Thunder Mug Café, Boutique Café’s famous pancakes, and East Falls dining destinations such as In Riva, Le Bus, and Fiorino. Outdoor enthusiasts will love the proximity to Kelly Drive and MLK Drive, perfect for jogging, cycling, and dog walking. Commuting is effortless with quick access to Route 1, I-76, the Pennsylvania Turnpike, and I-95. Welcome to Laurel Ridge — modern, manageable, and made for you, all within the classic charm of a Philadelphia townhome.

4 Beds ⋅ 4 Baths

3843 Ridge Ave, Philadelphia

Listing courtesy of Elfant Wissahickon Realtors. Contact: