$196,000
 $1,052 est/mo Sourced by Back At You

4855 Ridge Ave,PHILADELPHIA, PA 19129

PHILADELPHIA, PA 19129

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Description

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 Arts, Moore College, Pierce College).

Details

MLS #PAPH2580954
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive-bright
Year1930
Days On Site240
Listing Provided ByRe/Max One Realty | Edward J. McDonald Jr.

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,182
BasementY
Story(s)2
ZoningRSA5
Acreage0.02
Property ViewCity

Interior

Rooms Total6
CoolingWindow Unit(s)
Heating Yes / NoYes
HeatingForced Air

Exterior

Exterior FeaturesExterior Lighting, Flood Lights, Sidewalks
RoofFlat
Construction MaterialsMasonry
Foundation DetailsStone

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount2293

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19129
Area19129 (19129)
Community NameEAST FALLS
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in EAST FALLS)
Price:
$196,000
low | high
Med:
$2,205
100% of Average
sqft:
1,182
low | high
Med:
1,205
48.096446700508% of Average
$ / sqft:
$166
low | high
Med:
$2
100% of Average
On site:
240
low | high
Med:
58
100% of Average
Sourced by Back At You

Market Activity 19129

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Learn More About This Property

Daniel Lang

Daniel Lang

Class Harlan Real Estate

RS380478 (267) 897-7712dan@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19129
Area19129 (19129)
Community NameEAST FALLS
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in EAST FALLS)
Price:
$196,000
low | high
Med:
$2,205
100% of Average
sqft:
1,182
low | high
Med:
1,205
48.096446700508% of Average
$ / sqft:
$166
low | high
Med:
$2
100% of Average
On site:
240
low | high
Med:
58
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $147K - $245K
sqft: 887 - 1,000
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Listing Updated: October 5, 2026 at 4:13:15 PM PDT