$429,900
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4169 Ridge Avenue Philadelphia, PA 19129 Municipality: Philadelphia
Multi-Family
Residence
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Take advantage of the short window of opportunity for an owner-occupant to live in one unit for less than the amount to rent it [and take advantage of some great grant opportunities]! For the investor, you will have at least $600 (30%) in cash flow! So, if you are tired of big-box living and cookie-...cutter housing, check out 4169 Ridge Ave today! Quality and character count, and this brick townhouse and neighborhood offer both. Depending on lifestyle realities, this duplex offers convenience and flexibility for busy lives, blended families, and even business partners! Having commercial-mixed-use zoning, consider using the 1st floor for your business and living on the 2nd floor! WHAT IS PRACTICAL AND AFFORDABLE: Maybe you are just starting out (again?) and looking to offset your own mortgage with the income from the second apartment. Maybe you would like to keep parents, relatives, caregivers, or other close-ones nearby. Consider offering them one unit, and you live separately in the other! Imagine an easier, more practical way of living- here in East Falls, Phillyâs only gateway neighborhood to the Schuylkill River, consistently ranked among the top most desirable Philadelphia neighborhoods to live and visit. WHAT THE PROPERTY OFFERS BESIDES INCOME POTENTIAL: This 3-story, porch-front legal duplex is conveniently located just steps from the Schuylkill Trail & Kelly Drive at Midvale. Walk and Bike scores of 84 and 85, respectively! Each unit has outdoor space and in-unit laundry. Behind the property is a no-outlet access alley bordered by green space. Off-street parking is available but not guaranteed. The 1st-floor unit has 1 bedroom/1 bathroom with a full kitchen, basement access, a small office/storage room, and a rear yard with a deck and garden. The 2nd & 3rd Floor Unit is a bi-level, 3 bedroom/1 bathroom residence with a lovely view of the river large & sunny bedrooms. It has a full kitchen with a rear entryway door leading to the back deck, which overlooks the green space. Unit 2 is rented through 9/30/2024, so act now if you are considering living here. Since the utilities are separate, the Landlord only pays for cold water; tenants pay for hot water, heat, & electric for their units. AREA CONVENIENCES: Just over 1 mile (a 5-minute drive) to the Wissahickon SEPTA commuter rail stop and 2-3 minutes get you to I-76 or US Route 1. Local groceries like Shop Rite & Acme are just 5-10 minutes away. The latter has an EV car charging station on Ridge Ave. Farmers, Market, restaurants, fresh cookies & bread, excellent elementary school, Jefferson U, historic library, nature trails, kayakingâ¦all paces or a short walk from the front door. This is the opportunity youâve been waiting for so schedule your appointment (with 24 hoursâ notice) today! [Ask the Listing Agent about a 5% + $25,000 grant program that may be available to an eligible owner-occupant for this wonderful opportunity to live in their investment!]
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MLS#
PAPH2368212
Property Type
Multi-Family
Year Built
1939
Price per Sq. Ft.
$219.34
Lot Size
0.03
Sewer
Public Sewer
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
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