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+16172471933
Amo Realty
3339 Ridge Ave, Philadelphia, PA 19132
- $557,992
- 3,350
- SqFt
- List Price
- $557,992
- Status
- ACTIVE
- Price Change
- ▼ $17,258 1790049517
- MLS#
- PAPH2646186
- Subtype
- Multi-Family
- Style
- Contemporary
- Year Built
- 1915
- Living Area
- 3,350
- Lot Size
- 1,405
- Acres
- 0.03
- Subdivision
- Strawberry Mansion
- MLS Area Major
- 19132 (19132)
Property Description
3339 Ridge Avenue, a cash-flowing triplex. This 3,100 sq. ft. multifamily property features three spacious 2-bedroom units, including Unit A with 2.5 baths. The building is fully sprinklered and includes an unfinished basement, offering additional storage or utility space. Current rents total $4,550/month, generating $54,600 in annual gross income. Based on current expenses, the property produces an estimated NOI of $49,378.09 and an approximate in-place cap rate of 8.37%. Property Highlights: • Triplex with three income-producing units • Current monthly rent: $4,550 • Annual gross income: $54,600 • Estimated NOI: $49,378.09 • cap rate: 8.37% • 3,100 sq. ft. A strong addition to any investor portfolio with solid in-place income and long-term rental upside.
Additional Information
- Exterior Features
- Bump-outs
- Taxes
- $921
- Property Description
- Contemporary
- Zoning
- RM1
- Heating
- Central
- Air Conditioning
- Central Air
- Foundation
- Other
- School District
- The School District Of Philadelphia
- View
- City
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Listing courtesy of Keller Williams Liberty Place. Contact: