Patterson-Schwartz Real Estate2530 Ridge Avenue, Philadelphia, PA 19121-2609 $533,000
Interior Sq. Ft: 1,850
Acreage: 0.04
Age:109 years
Taxes: $1,858
Subdivision: Brewerytown
Design/Type:
Interior Row/Townhouse
Description
Property Addresses included in portfolio : 2725 Glenwood Ave MLS# PAPH2285644 | 2530 Ridge Ave MLS# PAPH2285656 | 1913 N 23rd MLS# PAPH2285666 | 1941 N 23rd MLS# PAPH2285670 | 1210 W Dauphin MLS# PAPH2285626 | 1212 W Dauphin MLS# PAPH2285638 Total Asking Price For Portfolio: $3,200,000 Scan for photos on the Virtual Offering Memorandum. Here is a remarkable investment opportunity in the heart of Philadelphia – a portfolio of six triplex multi-family buildings, offering a total of 18 units, 19 bathrooms, and 31 bedrooms. This is an exceptional chance for discerning investors seeking a strong return. All leases except for Glenwood units are through PHA making rent payments guaranteed. 2024 rents are poised to increase $1764 for 2 beds and $1476 for 1 beds. Advertised rents are for 2024 proforma, and current cap rate is 8%+ **Key Features:** - Turnkey Recently Renovated Portfolio: These properties have been meticulously renovated, ensuring they are in superb condition and ready for occupancy or rental. - Rent Program Tenants: Enjoy the reliability of guaranteed rent from the city, providing a stable income stream. - Under Market Rents: There exists an opportunity to maximize your returns by adjusting rental rates to align with the current market conditions. - Proximity to Philadelphia Schools: These properties are conveniently located near Philadelphia schools, making them appealing to potential tenants with families. **Location:** Strategically positioned in Philadelphia, a city renowned for its vibrant culture and robust real estate market. With easy access to schools and essential amenities, this location is poised for growth and offers excellent rental potential. This outstanding investment opportunity is exclusively represented by MY Philly Cassell, your trusted partner in Philadelphia real estate. If you are considering expanding your investment portfolio or entering the dynamic Philadelphia real estate market, this is an opportunity you should explore. Seize this remarkable chance to acquire this portfolio of multi-family buildings. Contact us today to obtain more details and take the first step toward securing a prosperous investment in the City of Brotherly Love.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2 % Of Gross
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Slab Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (157 schools)
Public Middle (29 schools)
Public High (69 schools)
Private (131 schools)
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This report is a detailed community overview for Philadelphia (19121), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 32
- Average salary of people in this community: $31,826
Community Summary
- Population Density (ppl / mile): 13,816
- Household Size (ppl): 2.52
- Households w/ Children: 57%
Housing Inventory
- Owned: 3,933 (23.9%)
- Rented: 8,475 (51.6%)
- Vacant: 4,024 (24.5%)
- Total: 16,432
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.6%
- Some High School: 18.0%
- High School Graduate: 36.6%
- Some College: 21.7%
- Associate Degree: 4.5%
- Bachelor's Degree: 8.9%
- Graduate Degree: 6.8%
Income by dollar range
Median Income: $21,201
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $631
- One Bedroom: $705
- Two Bedroom: $840
- Three Bedroom: $929
- Four Bedroom: $1,622
© 2024 LiveBy. All Rights Reserved.
Contact Information
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or call us at 302-234-5270
Listing Courtesy of: KW Empower , vicki@kwempower.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 7/17/2024.
