2 months on rocket

2150 Ridge Ave, Philadelphia, PA, 19121

$240,000

Home List Price

$2,850*

Closing Credit

0 Baths
1,545 SqFt
$155/SqFt
Multi

Location

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2150 Ridge Ave, Philadelphia$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year Built1915
HeatingBaseboard
CoolingNone
MLS #PAPH2390748
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 2150 Ridge Ave

INVESTOR SPECIAL: Welcome to 2150 Ridge Ave, a 3-unit multi-family property in the desirable Sharswood neighborhood! Currently, one of the three units are rented (#1- $700). The building could generate a potential cash flow of $2,250 per month with a strong 9% cap rate. The vacant units could be rented as-is for $800/month, however, this property offers an excellent investment opportunity, with the potential to increase rents up to $1,000 per unit with basic cosmetic updates. Additionally, Section 8/PHA approval could nearly double rents to around $1,300 per unit. Conveniently located near public transportation, Brewerytown, grocery stores, laundromats, the Stephen Klein Wellness Center, and more, this property is a prime candidate for maximizing your investment in a rapidly developing area. Don’t miss out!

Property Details

Property Features

Property Information:

  • Architectural Style: Trinity
  • Year Built: 1915
  • Living Area: 1,545 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Alexander Frederick

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: Use GPS, entrance on Ridge Ave

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000
  • Price Per SqFt: $155/SqFt

Tax Information:

  • Annual Amount: $1,160
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

2150 Ridge Ave vs Philadelphia

85 DAYS ON ROCKET

+41 Days

$240,000

-$21.8K Less

$155/SqFt

-$44 Less

KEY TAKEAWAY

This property is $21.8K less than the Median Sold Price and $44/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2390748

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Alexander Frederick

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 25, 2009Home Sold
$24,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,160 -
2019$1,122$80,200
2018$1,123$80,200
2017$217$15,500

History based on county public records data.

Payment Calculator

$1,265

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-462279
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 0.84 miles

  • Public District Grades KG-5

school-card-donut-462280
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 1.12 miles

  • Public Charter Grades KG-6

school-card-donut-462281
1
/10

  • Thomas May Peirce Elementary School

  • 2300 W Cambria St

  • 1.34 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,505. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›2150 Ridge Ave

This home is located at 2150 Ridge Ave in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 1,545 square foot home, which was built in 1915, sits on a 0.02 acre lot. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $240,000.

In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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