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.
| MLS # | PAPH2646186 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 102 |
| Listing Provided By | Keller Williams Liberty Place | Alyce Gerhardt |
| SQ Feet | 3,350 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.03 |
| Property View | City |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
| Exterior Features | Bump-outs |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Other |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 921 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19132 |
| Area | 19132 (19132) |
| Community Name | STRAWBERRY MANSION |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in STRAWBERRY MANSION) | |
Price: $557,992 low | high Med: $119,995 sqft: 3,350 low | high Med: 1,101 $ / sqft: $167 low | high Med: $115 On site: 102 low | high Med: 29.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19132 |
| Area | 19132 (19132) |
| Community Name | STRAWBERRY MANSION |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in STRAWBERRY MANSION) | |
Price: $557,992 low | high Med: $119,995 sqft: 3,350 low | high Med: 1,101 $ / sqft: $167 low | high Med: $115 On site: 102 low | high Med: 29.5 | |