Philadelphia, PA 19121 2518 Ridge Avenue
$600,000
5 more
Presented By: Honest Real Estate
Beds • 6
Home Details
Newer Construction Duplex Prime Investment Opportunity with Strong Cash Flow
Dont 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 historyideal 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 wont want to miss.
Presented By: Honest Real Estate
Interior Features for 2518 Ridge Avenue
Bedrooms
Three Bedroom Units Count2
Other Interior Features
LivingAreaSourceEstimated
BasementFully Finished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3
General for 2518 Ridge Avenue
Acceptable FinancingCash, Conventional, FHA
AccessibilityNone
Architectural StyleBi-level, Contemporary
Association Recreation FeeN
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsBrick, Frame
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsDirect access from Ridge Ave.
ExclusionsTenant's belongings
Garage Y/NNo
HeatingForced Air
Home Warranty Y/NNo
Lease TypeLong Term
Lot Size Square Feet1024.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-05-12T17:29:35
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total2
Number of Units Leased2
NumberOfUnitsVacant
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG260.42
Property ConditionExcellent
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofOther
School DistrictPHILADELPHIA CITY
Security FeaturesFire Detection System, Sprinkler System - Indoor
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount1668.0
Tax Assessed Value119160.0
Tax Lot279
Tax Year2024
Total Actual Rent47100.00
Total SQFT3004
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2020
Year Built SourceAssessor
ZoningRM1
Exterior for 2518 Ridge Avenue
Exterior AmenitiesRoof Deck
Foundation DetailsPermanent
InclusionsAll appliances in as is condition
Land Assessed Value119160.00
Lot Dimensions16.00 x 64.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo
Additional Details
Price History
Aleksandar Tomic
Real Estate Professional