1604 Ridge Avenue, Philadelphia, PA 19130-2116 $739,000
Interior Sq. Ft: 2,899
Acreage: 0.03
Age:104 years
Taxes: $4,437
Design/Type:
Interior Row/Townhouse
Description
Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
90% Forced Air, Natural Gas, Central A/C, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Block Foundation, Concrete Perimeter Foundation, Masonry
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Public Elementary (144 schools)
Public Middle (26 schools)
Public High (68 schools)
Private (116 schools)
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This report is a detailed community overview for Philadelphia (19130), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 31
- Average salary of people in this community: $78,532
Community Summary
- Population Density (ppl / mile): 19,629
- Household Size (ppl): 1.92
- Households w/ Children: 20%
Housing Inventory
- Owned: 5,727 (36.9%)
- Rented: 7,949 (51.2%)
- Vacant: 1,858 (12.0%)
- Total: 15,534
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.7%
- Some High School: 2.2%
- High School Graduate: 12.2%
- Some College: 8.1%
- Associate Degree: 2.3%
- Bachelor's Degree: 36.9%
- Graduate Degree: 36.6%
Income by dollar range
Median Income: $84,308
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,279
- One Bedroom: $1,363
- Two Bedroom: $1,872
- Three Bedroom: $1,927
- Four Bedroom: $1,235
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-5104
Listing Courtesy of: BHHS Fox & Roach-Art Museum , (215) 763-2100
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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.