4855 Ridge Ave, Philadelphia, PA 19129

Philadelphia
Local realty services provided by:ERA Central Realty Group
4855 Ridge Ave,Philadelphia, PA 19129
$224,900
  • 3 Beds
  • 1 Baths
  • 1,182 sq. ft.
  • Townhouse
  • Active
Listed by: edward j. mcdonald jr.
Office: re/max one realty
MLS#:PAPH2580954
Source:BRIGHTMLS

Price summary

  • Price:$224,900
  • Price per sq. ft.:$190.27

About this home

Attention Investors! 4855 Ridge in a turnkey rent and hold investment. Good solid tenant wants to stay, they are paying below market $ 1,650 a month. Property has a 7% cap rate at that rent. Market rent is $ 2,100 which would take cap rate to 12%! Moderate yearly increases could get you to market rent in 3 years but would only take 1 year to get to 10% cap rate! Located in sought after East Falls, This 3 Br. 1Ba is in close proximity to Manayunk and the Schuykill River Trail. The property offers a wonderful flow on the 1st level with a large family room, nice dining room, and kitchen. The 2nd level features 3 bedrooms, an updated bath, and a covered deck backing to woods. Newer Heater, main sewer line and basement waterproofing system. Tenant is on month to month lease. Current Tenant interested in extending lease. Close commute to/from colleges/universities (Phila. Univ, Temple, PCOM, St. Joe's, Drexel, PENN, Wharton School of Business, Lasalle, Univ of the Sciences, Univ of the...

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Home facts

  • Year built:1930
  • Listing ID #:PAPH2580954
  • Added:94 day(s) ago
  • Updated:May 13, 2026 at 01:41 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Dining Description:Dining Room
  • Basement:Yes
  • Basement Description:Sump Pump, Water Proofing System
  • Living area:1,182 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Flat
  • Year built:1930
  • Building area:1,182 sq. ft.
  • Lot area:0.02 Acres
  • Construction Materials:Masonry
  • Exterior Features:Exterior Lighting, Flood Lights, Patio(s), Porch(es), Sidewalks
  • Foundation Description:Stone
  • Levels:2 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$224,900
  • Price per sq. ft.:$190.27
  • Tax amount:$2,293 (2021)

Parking

  • Parking description:On Street

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