Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2019
Sq.Footage
N/A
"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."
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.05
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick Veneer, Shingle Siding
-
Parking
On Street
Financial
-
Sales Price
$2,690,000
-
Tax Amount
4291.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of zhibin xu , BY Real Estate
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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