7928 Ridge Avenue

Philadelphia, PA 19128

$515,000
Last Sold Price
Beds
3,558 Sq. Ft.
$145 / Sq. Ft.
3,558
Sq. Ft.
$145
per Sq. Ft.

Description

Fantastic opportunity for investors to add this gem to their portfolio. This is a mixed use property consisting of 5 office units on the main floor along with a hallway bath and kitchenette with attached covered front porch off the right off the sidewalk. The second and third floors are modern updated residential apartments. The second floor is a two bedroom while the third floor is a one bedroom with a massive master bedroom. Both apartments come with walk out balconies off the back. A 3 car garage...Fantastic opportunity for investors to add this gem to their portfolio. This is a mixed use property consisting of 5 office units on the main floor along with a hallway bath and kitchenette with attached covered front porch off the right off the sidewalk. The second and third floors are modern updated residential apartments. The second floor is a two bedroom while the third floor is a one bedroom with a massive master bedroom. Both apartments come with walk out balconies off the back. A 3 car garage sits at the back of the lot which is also used as a rental. The basement contains storage bins an additional half bath and laundry. HVAC is separated on 3 zones (one for each floor). The parking lot contains 6 spots with additional parking in the driveway. All units but one of the office units are currently occupied, Rent roll, expense reports, property disclosures, and floor plans are attached to this listing.
  1. Listed by Linzee Ciprani • KW Greater West Chester
    P: 4843012727 team@cipraniteam.com

Property Details for 7928 Ridge Avenue

Tax ID Number
871105400
Ownership
Fee Simple
HOA
No
Structure Type
Twin/Semi-Detached
Style
Other
Waterfront
No
Garage
No
Municipality
PHILADELPHIA

Location

Listing Courtesy of KW Greater West Chester

Sold By KW Greater West Chester

Add your commute
LISTING UPDATED: 08/17/2022 02:41 PM

Property Details for 7928 Ridge Avenue

StatusClosed
MLS #PAPH842960
Days on Market132
Taxes$5,799 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.18 AC / 7,798 SF
CountyPhiladelphia County

Building

7928 Ridge Ave

3 StoriesBuilt in 1900

Location

Listing Courtesy of KW Greater West Chester

Sold By KW Greater West Chester

Add your commute

Building Information for 7928 Ridge Avenue

Stories3Residences-Year Built1900Building Size-Lot Size0.18 AC / 7,798 SF

Payment Calculator

$3,294 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,811

Property Taxes

$483

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7928 Ridge Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19128 (19128)
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: 2020
  • Tax Assessed Value: $414,300
  • Year Assessed: 2020
  • Improvement Assessed Value: $331,440
  • City Town Tax: $2,617
  • Land Assessed Value: $82,860
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: RSA2
  • Tax Lot: 24
  • School Tax: $3,182
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water
  • Concessions: Yes
  • Concessions Amount: $4,000
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
Financial Information
Financial Information
  • Net Operating Income: $40,844
  • Annual Rental Income: $50,844
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 3,558.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 39.99 x 195.00
  • Parcel ID: 1004302
Parking
Parking
  • Type Of Parking: Driveway, Parking Lot
  • Total Non-Garage Parking Spaces: 6
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Appliances: Dishwasher, Dryer, Oven/Range - Gas, Washer
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 7928 Ridge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 7928 Ridge Avenue

Taxable ValueLand$70,460Additions$281,840Total$352,300
Tax Record2023$4,932 ($411 / month)
Home Facts
Total Finished SqFt3,558 SqFtAbove Grade Finished SqFt3,558 SqFtStories3Lot Size7,798 SqFtStyleOffice BuildingYear Built1900ZoningRSA2CountyPHILADELPHIAAPN87-1-1054-00

Schools near 7928 Ridge Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Shawmont School
PublicPK to 8

Roxborough High School
Public9 to 12

Saul W B Agricultural School
Public9 to 12

Lankenau High School
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Greater West Chester

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.