Sellers are requesting the Highest & Best for our listing at 2938 RIDGE PIKE, EAGLEVILLE by Noon, Monday, July 20th. Exceptional investment opportunity in the heart of Eagleville! This mixed-use property consists of two buildings situated on two separate tax parcels and offers a total of six income-producing units, including one commercial space and five residential apartments. The residential unit mix includes one three-bedroom apartment, one one-bedroom apartment, two two-bedroom apartments, and two efficiency/studio apartments, providing a diverse rental portfolio. The commercial space offers excellent visibility along Ridge Pike, making it ideal for a variety of business uses. The property is available for showings on the following days & times: Wednesdays between 1:00 & 3:00 PM, Thursdays between 5:00 & 7:00 PM, Saturdays between 1:00 & 3:00 PM Current monthly rental income totals $7,100 ($85,200 annually). Several tenants have occupied the property for many years, resulting in rents that vary by unit and tenancy, presenting an opportunity for future income growth as units turn over. The Commercial space is vacant at the moment, normally rents for $1,500 monthly bringing your grand total up to $8,600 monthly when full. The property features a roof that is approximately eight years old and has been well maintained. Tenants pay their own electric, gas, and heat. The owner pays water, sewer, trash, and real estate taxes. Being sold in as-is condition. This is an outstanding opportunity for investors seeking a fully occupied mixed-use property with immediate cash flow and long-term upside in a highly desirable Montgomery County location.
Two mixed use buildings made up of six units. One commercial unit and five residential units. More info to follow. Seller is licensed Pa real estate agent. Property is two parcels 43-00-11563-004 and 43-00-11566-001 Combined Taxes are $9699 year. Rents Office $1100. Vacant, Efficiency $500, 1 Bedroom $600, Two Bedroom $1000, Efficiency $465, Two Bedroom $850. Rents are below market. Owner Pays, Trash, Water, Sewer and Taxes. Property has New roof within one year. This multi is priced to sell and owner will not be marking any repairs. Priced below appraised value. Owner is Licensed Real Estate Agent
BRIGHT MLS #PAMC633566
Mar 28, 2020
Listing Removed
—
Feb 21, 2020
Price Changed
$470,000
$89/sq ft
Jan 28, 2020
Price Changed
$475,000
$90/sq ft
Jan 24, 2020
Price Changed
$480,000
$91/sq ft
Jan 13, 2020
Price Changed
$485,000
$92/sq ft
Jan 3, 2020
Price Changed
$495,000
$94/sq ft
Jan 2, 2020
Listed
$475,000
$90/sq ft
BRIGHT MLS #1000410242
Sep 4, 2018
Listing Removed
—
Aug 8, 2018
Price Changed
$475,000
$90/sq ft
Jul 15, 2018
Price Changed
$495,000
$94/sq ft
Jul 8, 2018
Price Changed
$515,000
$98/sq ft
Jun 20, 2018
Price Changed
$530,000
$100/sq ft
May 22, 2018
Price Changed
$550,000
$104/sq ft
May 7, 2018
Price Changed
$565,000
$107/sq ft
May 2, 2018
Price Changed
$575,000
$109/sq ft
Apr 18, 2018
Listing Removed
—
Apr 17, 2018
Listed
$565,000
$107/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
40 ft.
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Montgomery County
APN
43-00-11566-001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 8, 2023.
Historical weather
Trooper, PA • 19403
Average low and high temperatures (°F)
34
20
39
24
57
36
66
44
72
53
83
63
87
69
81
61
77
59
68
45
55
37
40
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2938 Ridge Pike
$741,897
$8,003 under list price of $750K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $724K to $975K.