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2409 RIDGE

PHILADELPHIA, PA 19121

MLS#: PAPH2666900

$1,170,000

Status: Active
Listing number: PAPH2666900
Listing provided by: Mercury Real Estate Group
Listing agent phone: None
Last update: 8 days ago
On site: 14 days ago
Browse Properties
SHARSWOOD - Residential Income

Property

Beds

7

Full Baths

None

1/2 Baths

None

Year Built

2021

Sq.Footage

1

Two Properties- 2409 Ridge Ave & 2404 W Montgomery Ave. A standout opportunity to own two separate newer-construction buildings being sold together at 2409 Ridge Avenue and 2404 W. Montgomery Avenue. Built just five years ago, this unique five-unit offering includes a triplex on Ridge Avenue and a duplex on Montgomery Avenue, with approximately five years remaining on the Philadelphia tax abatement. The property consists of four 2-bedroom, 2-bath residences and one impressive 3-bedroom, 3-bath residence, with only one of the five units currently vacant. Inside, the residences feature high-end modern finishes, huge windows, expansive living spaces, high ceilings, oversized kitchens, gas cooking, and full-size laundry. Every unit is equipped with Nest thermostats, wired intercom/security systems, and built-in speaker wiring, bringing smart-home convenience throughout the property, including a penthouse with a massive private roof deck and Center City views, plus another spectacular roof deck serving the Montgomery Avenue building. Outdoor space, dramatic windows, and thoughtful layouts give these apartments the kind of features that consistently stand out in the rental market. Located near Temple University, Center City, Brewerytown, Sharswood, and Philadelphia's historic attractions, this is a rare chance to acquire a mostly occupied, newer-construction five-unit investment spread across two completely separate buildings. Both properties are being sold together.

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1.0

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,117

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Other

Price

  • Sales Price

    $1,170,000

  • Tax Amount

    $807

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    1

  • Price/SqFt

    $1,170,000

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    YES

  • Foundation Details

    Slab

  • Sewer

    Public Sewer

  • Water Source

    Public

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Listing Courtesy of Colby Wallace, Mercury Real Estate Group

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Theresa Kehler

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Two Properties- 2409 Ridge Ave & 2404 W Montgomery Ave. A standout opportunity to own two separate newer-construction buildings being sold together at 2409 Ridge Avenue and 2404 W. Montgomery Avenue. Built just five years ago, this unique five-unit offering includes a triplex on Ridge Avenue and a duplex on Montgomery Avenue, with approximately five years remaining on the Philadelphia tax abatement. The property consists of four 2-bedroom, 2-bath residences and one impressive 3-bedroom, 3-bath residence, with only one of the five units currently vacant. Inside, the residences feature high-end modern finishes, huge windows, expansive living spaces, high ceilings, oversized kitchens, gas cooking, and full-size laundry. Every unit is equipped with Nest thermostats, wired intercom/security systems, and built-in speaker wiring, bringing smart-home convenience throughout the property, including a penthouse with a massive private roof deck and Center City views, plus another spectacular roof deck serving the Montgomery Avenue building. Outdoor space, dramatic windows, and thoughtful layouts give these apartments the kind of features that consistently stand out in the rental market. Located near Temple University, Center City, Brewerytown, Sharswood, and Philadelphia's historic attractions, this is a rare chance to acquire a mostly occupied, newer-construction five-unit investment spread across two completely separate buildings. Both properties are being sold together.

2409 RIDGE

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Attention investors, 1824 Ridge avenue is a fully occupied, mixed-use investment property located along the highly trafficked Ridge avenue corridor in Philadelphia. This 6 years old asset consists of 4 total units, including 3 residential apartments all units are: 2 bedrooms and 2 full bath, hardwood floor throughout, Central HVAC, in unit washer/dryer. The top unit has private roof access for extra outdoor space while backyard can be use as community space to be share with unit 1 and unit 2. The ground-floor commercial space with finished basement, offering diversified income in a strong urban location. The building totals approximately 5,100 SF and is zone CMX 2.5, allowing for flexible commercial and mixed-use opportunities. With 100% occupancy, the property provides immediate cash flow and long-term upside through rental growth and value-add potential. Positioned in a rapidly developing area with excellent visibility, public transportation access, and proximity to Temple University, Center City and surrounding neighborhoods, this asset is well-suited for investors seeking stable income in a core Philadelphia market.
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