Attention Investors! 4855 Ridge in a turnkey rent and hold investment. Good solid tenant wants to stay, they are paying below market $ 1,650 a month. Property has a 7% cap rate at that rent. Market rent is $ 2,100 which would take cap rate to 12%! Moderate yearly increases could get you to market rent in 3 years but would only take 1 year to get to 10% cap rate! Located in sought after East Falls, This 3 Br. 1Ba is in close proximity to Manayunk and the Schuykill River Trail. The property offers a wonderful flow on the 1st level with a large family room, nice dining room, and kitchen. The 2nd level features 3 bedrooms, an updated bath, and a covered deck backing to woods. Newer Heater, main sewer line and basement waterproofing system. Tenant is on month to month lease. Current Tenant interested in extending lease. Close commute to/from colleges/universities (Phila. Univ, Temple, PCOM, St. Joe's, Drexel, PENN, Wharton School of Business, Lasalle, Univ of the Sciences, Univ of the Arts, Moore College, Pierce College).
East Falls, located between Manayunk and Fairmount, is a riverside and residential Philadelphia neighborhood with a Schuylkill River trail edge and a compact main-street strip. The neighborhood’s character concentrates around Ridge Avenue near Midvale Avenue, where corner cafes, longtime pubs, and small storefronts set a steady, lived-in rhythm. Community pillars include Trolley Car Cafe, In Riva, and Laurel Hill Cemetery’s cultural grounds. Stone twins and porch-front rowhomes mix with converted mills along the water. Kelly Drive and the Schuylkill River Trail frame daily walks and bike commutes. SEPTA’s East Falls station and nearby Wissahickon crossings tie the neighborhood to Center City and the park system.
Provided by Walk Score and Local Logic
Offer insights
4855 Ridge Ave · $205,000
$205K and above
75% chance or better to win
Why $205K+ is a strong offer
DAYS ON MARKET
202 days
The average home goes pending in 50 days.
SALE-TO-LIST
98.1%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Estimated living area
Basement with sump pump and waterproofing system
Bedrooms
Three bedrooms on the first upper level
Six total rooms including living room, dining room, kitchen and three bedrooms
Bathrooms
One full bathroom
Kitchen
Kitchen (appliances not specified)
Laundry & utility
Utilities and systems present (hot water: natural gas)
Heating & cooling
Forced air heating powered by natural gas
Window air conditioning units (electric)
Exterior features
Patio(s) and porch(es)
Exterior lighting and flood lights
Sidewalks
Home design
Interior townhouse/rowhouse
Flat roof
Fee simple ownership
Property condition: average
Year built: estimated
Parking
On-street parking
Construction
Masonry construction
Stone foundation
Above-grade and below-grade structures
Utilities
Public water
Public sewer
Municipal trash service
Other
Pets allowed (cats and dogs OK)
Electricity and solar
View estimated energy costs and solar savings for this home
The RSA, Residential Single-Family Attached districts are primarily intended to accommodate attached and semi-detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses. The districts are also intended to provide a density transition between RSD districts and RM districts. The Zoning Code includes five RSA districts that are differentiated primarily on the basis of minimum lot area requirements.
Zone overlays
Narcotics Injection Sites Overlay District
Fourth District Overlay - Fourth District Area
Permitted uses
Include but are not limited to:
Assembly / meeting place
Garden center
Housing-Single unit
Fire house
Police station
Recreation-Other
Sep 3, 2010 • Final
Pp_plumbng
Remove and replace the storm and sanitary traps.
Plumbing
Sep 2, 2010 • Final
Pp_plumbng
Replace house traps and fresh air inlets.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
6/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19129
Average low and high temperatures (°F)
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79
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70
49
56
40
42
28
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Sun exposure
46/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.2 hrs
2.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4855 Ridge Ave
$196,682
$8,318 under list price of $205K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $270K to $359K.