2518 Ridge Avenue

PHILADELPHIA, PA 19121

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,304 Sqft
  • 1024
    Sqft(Lot)
$600,000

Description

Newer construction duplex – prime investment opportunity with strong cash flow

don’t miss this excellent opportunity to own a high-performing newer construction duplex with strong rental income and low maintenance! each spacious unit features 3 bedrooms and 3 full bathrooms, offering modern layouts perfect for tenants seeking comfort and convenience.

both units are equipped with in-unit washer and dryer, and enjoy quality finishes throughout. the property currently generates $3,925 per month in rental income from stable, long-term tenants with a solid payment history—ideal for investors looking for steady cash flow from day one.

additional highlights include:

5 years remaining on the tax abatement, significantly reducing operating expenses

newer construction – minimal maintenance required

tenants pay flat utility fee

high rental demand area with strong tenant retention

whether you're an investor looking to expand your portfolio or a buyer seeking to live in one unit while renting the other, this is a turn-key property you won’t want to miss.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Bi-level,Contemporary

  • AD ID

    49692254

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Other
    • Exterior Property Features : Roof Deck
    • Basement Description: Fully Finished

    Roofing Information

    • Other

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Forced Air
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Exterior Features: Roof Deck
    • Year Built: 2020
    • Structure: Interior Row/Townhouse
    • New Construction: No
    • Total Units: 2
    • Built: 2020
    • Construction Material: Brick,Frame
    • Security System: Fire Detection System,Sprinkler System - Indoor
    • Roof: Other
    • Foundation/Basement: Permanent
    • Architecture: Bi-level,Contemporary
    • Pool/Private: No Pool
    • Roof Type: Other

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 1,024
    • Dimensions: 16.00 x 64.00
    • Lot Size (Acres): 0.02
    • Architectural Style: Bi-level,Contemporary
    • Stories Total: 3
    • Main Square Feet: 1,024

    Property Information

    • SQ ft: 3,004
    • SQ ft (Living Area): 3,004
    • Total Lot SQ ft: 1,024
    • Financing: Cash,Conventional,FHA
    • Appx. Lot Dimensions: 16.00 x 64.00
    • Total Acreage: 0.02
    • New Construction: No
    • Type: Bi-level,Contemporary

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $1,668
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $119,160

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,FHA
    • Roof: Other

    Homeowners Association Information

    • Direction: Direct access from Ridge Ave.

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: Direct access from Ridge Ave.
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BuyOwner last updated this listing 05/13/2025 @ 16:13

  • MLS: PAPH2477770
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,304 sqft, 1,024 sized lot, and 0 parking. are nearby neighborhoods.