$1,150,000

2404 Montgomery Ave

PHILADELPHIA PA, 19121

Description

Luxury Builder, Atlantic Developers, is proud to present 2409 Ridge Avenue - a collection of 5 residences consisting of a triplex and duplex building in the bustling Brewerytown/Sharswood section of Philadelphia. This FULLY LEASED building features The Ridge Ave Triplex - a first floor 3 bedroom, 3 bathroom unit with Huge windows and a plenty of space. The rear yard is perfect for outdoor entertaining or relaxing. There is a large first floor bedroom along with 2 large basement bedrooms. The second floor flat features 2 bedrooms and 2 bathrooms with a great kitchen. The top floor unit is an incredible penthouse with MASSIVE roof deck with center city views. Every unit is smart home enabled with Nest thermostats, intercom security and speakers wired throughout. Every unit has gas cooking and full size laundry units. The Montgomery Ave Duplex features a first floor unit with a separate entrance. This home has 2 bedrooms, 1 bathroom, and a nice rear yard. The private entry to the top unit leads you to an expansive living space with massive windows, huge kitchen, and soaring ceilings. There are 2 bedrooms and 2 bathrooms upstairs as well as another massive roof deck. Buy, hold and rent these spectacular homes. Condo docs have been drafted as well for future use or if you choose to buy fewer than the 5 units. Tax Abatement PENDING with the city! Easily showable! Schedule your walk through soon! The Gross rent roll is $7,550/ month or $90,600/year including a few long term leases. Tenants are responsible for all utilities. Buyer is responsible to verify square footage and taxes. 2404 W Montgomery, #1 3/1/21 to 7/31/22 $1,200/month 2404 W Montgomery, #2 4/1/21 to 3/31/22 (Option for another year with 60 days notice) $1,700/month 2409 Ridge, #1 12/1/20 to 12/1/21 $1,700/month 2409 Ridge, #2 12/1/20 to 11/30/22 $1,400/month 2409 Ridge, #3 4/1/21 to 3/31/24 $1,550/month

Details

MLS#PAPH1004782
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year2020
Days On Site6

Features

ZoningCMX2
Loading Form
Loading Form
Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
Listing VS Median (in 19121)
Price:
$1,150,000
low | high
Med:
$89,000
100% of Average
On Site:
6
low | high
Med:
195
3.076923076923% of Average
Sourced by Back At You
Listing Updated: April 14, 2021 1:18:00 AM PDT
Michael R McCann LogoMLS Number: PAPH1004782
Listing Provided By:
Michael R McCann  of  Keller Williams Philly
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2020 Bright MLS, All Rights Reserved