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About This Home
This 3-bedroom, 1-bathroom townhouse at 4855 RIDGE Avenue in PHILADELPHIA, PA is listed for $239,900 ($203 per sqft). Built in 1930, the home offers 1,182 sqft of living space on a 0.02 acres lot.
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).
Key Features
- Built in 1930
- 0.02 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,283/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4855 RIDGE Avenue
PHILADELPHIA, PA 19129
EAST FALLS
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom townhouse at 4855 RIDGE Avenue is listed at $239,900 ($203/sqft). The estimated monthly payment is $1,040 based on 20% down at 6.5% interest.
Key features include: Built in 1930, 0.02 acre lot, 2 stories.
This property is listed by Edward J. McDonald Jr. and can be reached at 2154429388 or ed@hartsvillerealty.com.
