Listed By:
KW Empower
Address
2522 Ridge Avenue, Philadelphia, PA
Price
$ 675,000
Property Attributes
  • MLS#PAPH2317144
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • NeighborhoodBrewerytown
  • Zip19121
  • StyleApartment Building
  • Year Built1915
  • Taxes$ 2737
  • Price$ 675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size2,614 SqFt
Data Source:
Bright MLS
Property Description

Prime Investment Opportunity in Brewerytown with Approved Plans for Two Triplexes: Take advantage of this excellent chance for an investor to revitalize over 4,000 sq ft in the thriving Brewerytown neighborhood. The package includes both 2522 and 2524, zoned RM1 and sold together. 2522, spanning 1998 sq ft, offers a thoughtfully designed layout with approximately 4 bedrooms and 1 bath on the top floor, along with 2 bedrooms and 1 bath on the first floor. Meanwhile, 2524, with 2063 sq ft, features a commercial space on the first floor, complete with a half bath. Two sets of steps lead to the second and third floors, where you'll find 2 bedrooms and 1 bathroom. What sets this opportunity apart is that both properties come with fully approved plans for two triplexes, allowing you to maximize the potential of these spaces. Seize this incredible chance to transform and elevate these properties into lucrative triplexes in the flourishing Brewerytown neighborhood. Don't miss out on this promising venture with approved plans ready for implementation.

Price History
1/30/2024 Listed $800,000
2/13/2024 13% - $699,000
3/2/2024 4% - $675,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Settlement
Zoning RM1
Construction Materials Masonry
Year Built 1915
Property SubType Five Or More Units
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Business Type Apartment Building
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Subdivision Name BREWERYTOWN
Water Access Y/N No
Status ACTIVE
Directions 25th to Ridge
ModificationTimestamp 2024-03-02T16:14:53
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 6
MLS Area 19121 (19121)
Lot Size Square Feet 2468.00
Tax Assessed Value 104800.0
Waterfront Y/N No
Street Name RIDGE
Tax Annual Amount 2737.0
Price Per Sq Ft 166.22
Vacation Rental Y/N No
Days on Market 92
Standard Status Active
Year Built Source Assessor
Tax Lot 272
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix AVENUE
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking None
Land Use Code Y50
Water View Y/N No
Building Area Total 4061.00
Lot Dimensions 32.00 x 75.00
Lot Size Acres 0.06
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 20900.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Estimated

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19121

Price
AVG $860K
$680K
Taxes
AVG $4,114
$2,737
Visits
AVG 173
213
Data Provided by Inside Real Estate®
Year Built
AVG 1937
1915

Areas We Cover