Address
5229 Ridge Avenue Philadelphia, PA
Price
$ 4,785,000
Property Attributes
  • MLS#PAPH2038520
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19128
  • NeighborhoodManayunk
  • Zip19128
  • StyleStraight Thru
  • Year Built1900
  • Taxes$ 2683
  • Price$ 4,785,000
  • Bedrooms34
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS - 382 - MD
Property Description

Rarely offered, cash-flowing value-add real estate portfolio of 17 properties located in the Manayunk/Roxborough area of Philadelphia, Pennsylvania grossing +/- 360,000 annually in rental income. The properties have been updated and well maintained, leased to strong tenants throughout Ownership's tenure. Located in the highly desirable northwest submarkets of Manayunk, Roxborough, Wissahickon - just outside of the urban core, easily accessible to Interstate 76 (suburban Philadelphia expressway), University City and Center City. Residents of this investment portfolio enjoy a relaxed, amenitized, safe and convenient lifestyle. Average rent = 1795/month with capacity to boost rents to 2250/mo through a light cosmetic capital enhancement program (rental upside). Average square footage = 1440 SF. 17 total properties included. Enquire within for additional properties and portfolio financials.

Price History
10/20/2021 Listed $4,785,000

General Features

Accessibility None
Architectural Style Straight Thru
Basement Other
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 33
Garage Y/N No
Heating Forced Air
Location Type Urban
Lot Size Square Feet 1354.00
MLS Area 19128 (19128)
Municipality PHILADELPHIA
New Construction No
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 195.62
Property SubType Other
Property Type Multi-Family
School District THE SCHOOL DISTRICT OF PHILADELPHIA
School District 300200397108
Sewer Public Sewer
Structure Type Interior Row/Townhouse
Subdivision Name MANAYUNK
Tax Annual Amount 2683.0
Tax Lot 145
Tax Year 2021
Total Units 4
Two Bedroom 17
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA3

Interior Features

Basement Y/N Yes
Central Air Y/N Yes
Fireplace Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 24461

Exterior Features

Foundation Details Concrete Perimeter
Lot Dimensions 17.62 x 74.87
Lot Size Acres 0.03
Lot Size Source Estimated
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19128

Price
AVG $1.09M
$4.79M
Taxes
AVG $3,814
$2,683
Visits
AVG 30
79
Year Built
AVG 1940
1900

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