Sold
Last Sold Price
107 E Ridley Ave, Ridley Park, PA 19078
Multi FamilyProperty Type
1955Year Built

Description

Welcome to 107 East Ridley Avenue, Ridley Park Pa! Don't Miss This Unique Opportunity to Own an Historic 6 Unit Apartment Building in a Desirable Residential Community! Net Operating Income: $55,823! Property Consists of a Meticulously Maintained 6 Unit Apartment Building Containing (2) 1 Bed/1 Bath Apartments; (1) 2 Bed/2 Bath Apartment; and (3) 2 Bed/1 Bath Apartments. All Units are Currently Occupied with Minimal Vacancies During Present Ownership. The Property Features Large Yard, Porch and Storage...Welcome to 107 East Ridley Avenue, Ridley Park Pa! Don't Miss This Unique Opportunity to Own an Historic 6 Unit Apartment Building in a Desirable Residential Community! Net Operating Income: $55,823! Property Consists of a Meticulously Maintained 6 Unit Apartment Building Containing (2) 1 Bed/1 Bath Apartments; (1) 2 Bed/2 Bath Apartment; and (3) 2 Bed/1 Bath Apartments. All Units are Currently Occupied with Minimal Vacancies During Present Ownership. The Property Features Large Yard, Porch and Storage Spaces. Hardwood Floors and Historic Architectural Touches Throughout. A Detached Garage with Driveway Provides Additional Opportunity for Rental Income. Extras Include: Walking Distance to Schools, Shopping, Parks, Public Transportation and Train Station. Minutes to 95, 476, Philadelphia International Airport, Boeing with Short Commutes to Center City, Wilmington DE & King of Prussia. All Utilities have Been Separated and Tenants are Responsible for Their Own Heat/Electric and Hot Water. Laundry Located on Property. Rent Rolls are Available Upon Request.
  • Listed by: Michael Mulholland 484.222.8804 mike@sellingdelco.com • Long & Foster Real Estate, Inc.
  • Listed by: Wendy Beth Roberts 484.620.0788 attywbr@gmail.com • Long & Foster Real Estate, Inc.
Listing closed: 03/31/2022 12:00 AM • Source: BRIGHT, MLS#: PADE2019554

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Listing Courtesy of Long & Foster Real Estate, Inc.

Sold By Realty Mark Cityscape-King of Prussia

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Property Taxes

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Property Information for 107 East Ridley Avenue

Property Details
  • Taxes: $12,088 / year
  • MLS Type: Multi-Family / Fee Simple
  • Lot Size: 0.00 AC / 0 SF
  • Tax ID Number: 37-00-01756-00
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Colonial
  • Waterfront: No
  • Garage: No
  • Municipality: RIDLEY PARK BORO
  • Central Air: No
  • Above Grade Finished SQFT: .00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: .00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: .00
  • Total Below Grade SQFT Source: Assessor
  • New Construction: No
Building Information
  • Residences: 1
  • Year Built: 1955
  • Lot Size: 0.00 AC / 0 SF
Location
Location
  • School District Name: RIDLEY
  • School District County ID: 300200397359
  • SchoolDistrictSource: Listing Agent
  • County: DELAWARE
  • MLS Area: Ridley Park Boro (10437)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $378,570
  • Year Assessed: 2022
  • County Tax: $1,135
  • Improvement Assessed Value: $266,290
  • City Town Tax: $1,987
  • Land Assessed Value: $112,280
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: A-50
  • Tax Lot: 330-000
  • School Tax: $8,966
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 4
  • Three Bedroom Units Count: 0
  • Units Leased Count: 6
  • Vacancy Allowance Rate: 2.00%
Financial Information
Expenses
  • Operating Expense: $28,497
Financial Information
  • Gross Income: $84,319
  • Gross Scheduled Income: $86,040
  • Net Operating Income: $55,823
  • Cap Rate: 6.90
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: .00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 115.00 x 165.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 541283
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Oil
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 107 East Ridley Avenue

DateEvent & SourcePriceAppreciation
Mar 31, 2022

Closed

BRIGHT #PADE2019554

$730,000
Mar 24, 2022

Closed (Public Record)

Public Record #1487027377

$730,000

+11.0% / yr

Mar 3, 2022

Pending

BRIGHT #PADE2019554

DateEvent & SourcePrice
03/31/2022

Closed

BRIGHT #PADE2019554

$730,000
03/24/2022

Closed (Public Record)

Public Record #1487027377

$730,000

+11.0% / yr

03/03/2022

Pending

BRIGHT #PADE2019554

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 107 East Ridley Avenue

Taxable ValueLand$112,280Additions$419,160Total$531,440
Tax Record2026$21,175 ($1,765 / month)
Home Facts
Total Finished SqFt6,995 SqFtAbove Grade Finished SqFt6,995 SqFtStories3Lot Size18,975 SqFtStyleMulti-Family Res (5+ Units)Year Built1918CountyDELAWAREAPN37-00-01756-00

Schools near 107 East Ridley Avenue

This home is within Ridley School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Lakeview El School
PublicK to 5

Ridley Middle School
Public6 to 8

Ridley High School
Public9 to 12

St Madeline-St Rose School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate, Inc.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.