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… Read More 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). Read Less
Courtesy of Edward J. McDonald Jr., Re/Max One Realty 215-953-8800
Listing Snapshot
Days Online
2
Last Updated
Property Type
Townhouse
Beds
3
Full Baths
1
Square Ft.
1,182
Lot Size
0.02 Acres
Year Built
1930
MLS Number
PAPH2580954
Additional Details
Basement
Sump Pump, Water Proofing System
Building
Built in 1930, Living area: 1182, Levels: 2, Construction Materials: Masonry
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