Philadelphia, PA 19130,1607-9 RIDGE AVE
Philadelphia, PA 19130,1607-9 RIDGE AVE
Philadelphia, PA 19130,1607-9 RIDGE AVE
Philadelphia, PA 19130,1607-9 RIDGE AVE
Philadelphia, PA 19130,1607-9 RIDGE AVE
Philadelphia, PA 19130,1607-9 RIDGE AVE
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$ 2,690,000
Est. payment | /mo

2,123 Sqft Lot


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$ 2,690,000
Est. payment | /mo
Save

2,123 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2368988

Originating Board BRIGHT

Year Built 2019

Annual Tax Amount $4,291

Tax Year 2024

Lot Size 2,123 Sqft

Acres 0.05

Lot Dimensions 33.00 x 71.00

Property Description

"Exceptional Investment Opportunity with Established Airbnb Income! Presenting 1607 Ridge Ave, a lucrative property featuring 7 units and 1 commercial storefront in a thriving location. Currently with Airbnb licensing secured .the second and third floors are generating substantial income through Airbnb partnerships, bringing in a combined $11,000 per month. These floors include three spacious 2-bedroom, 2-bathroom units and three comfortable 1-bedroom, 1-bathroom units, each designed for modern comfort and convenience.

Additionally, the ground floor studio generates $1,800 per month in rental income, offering a stable residential option. , The commercial storefront presents a lucrative opportunity with a rental potential of around $2,200 per month.

"Located in a lively neighborhood with convenient access to nearby amenities, attractions, and transportation options, this property offers not only a lucrative investment opportunity but also significant growth potential in both residential and commercial sectors. Take advantage of this opportunity to acquire a well-positioned property with diversified income streams."

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Central

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 885843100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by zhibin xu • BY Real Estate
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980 Mercantile Dr, Hanover, MD, 21076, United States

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1607-9 RIDGE AVE