Investments Sales Management

Contemporary

3339 RIDGE AVENUE

PHILADELPHIA, PA 19132

MLS#: PAPH2646186

$575,250

Status: Active
Listing number: PAPH2646186
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: 17 days ago
On site: a month ago
Browse Properties
STRAWBERRY MANSION - Residential Income

Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

3,350

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.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3350.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,405

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $575,250

  • Tax Amount

    $921

  • Sq. Footage

    3,350

  • Price/SqFt

    $171

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    21

  • Water Source

    Public

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Listing Courtesy of Alyce Gerhardt , Keller Williams Liberty Place

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(215) 821-8836

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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.

3339 RIDGE AVENUE

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