Active

1607-9 Ridge Ave

Philadelphia PA, 19130

$2,690,000


Active

Commercial

Built in 2019

"Exceptional Investment Opportunity with Established Airbnb Income! Presenting 1607 Ridge Ave, a lucrative property featuring 7 units and 1 commercial storefront in a thriving location. Currently with Airbnb licensing secured .the second and third floors are generating substantial income through Airbnb partnerships, bringing in a combined $11,000 per month. These floors include three spacious 2-bedroom, 2-bathroom units and three comfortable 1-bedroom, 1-bathroom units, each designed for modern comfort and convenience.

Additionally, the ground floor studio generates $1,800 per month in rental income, offering a stable residential option. , The commercial storefront presents a lucrative opportunity with a rental potential of around $2,200 per month.

"Located in a lively neighborhood with convenient access to nearby amenities, attractions, and transportation options, this property offers not only a lucrative investment opportunity but also significant growth potential in both residential and commercial sectors. Take advantage of this opportunity to acquire a well-positioned property with diversified income streams."

PAPH2368988

MLS ID

June 22, 2024

Listed

July 14, 2024

Updated

Map

1607-9 Ridge Ave
Philadelphia PA, 19130

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.05 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$4,291


Tax Frequency

Annually


Days on Market

3


Garage

No


Parking

On Street


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listed by zhibin xu, with BY Real Estate
Listing Contact: 9178335337 

The IDX display contains information sourced from the Bright MLS, Inc. as of 7/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 7/14/2024 at 7:18 AM UTC

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