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3339 Ridge Ave, Philadelphia, PA 19132

$557,992
: 3,350
SqFt

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List Price: $557,992
Price Change: ▼ $17,258 1790049517
Days on Market: 79
Status: ACTIVE
MLS#: PAPH2646186
Living Area: 3,350
Lot Size (Acres): 0.03
Style: Contemporary
Year Built: 1915
County: Philadelphia
School District: The School District Of Philadelphia

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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.

215-669-6079

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Additional Information

Area: 19132 (19132)
Subdivision: Strawberry Mansion
School District: The School District Of Philadelphia
Exterior Features: Bump-outs
View: City
Heating: Central
Cooling: Central Air
Water: Public
Sewer: Public Sewer