1617-19 Ridge Ave

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1617-19 Ridge Ave

Philadelphia, PA 19130
Asking Price
$3.50M
Cap Rate
6.7%
Asset Type
Apartment Building Mixed-use
Class
Class B

What's Special

Mixed Use | 14 Unit Newer Construction| 9,213 SqFt <ul><li>​Modern building profile with owner-disclosed age of 4 years.</li><li>​Dual-income-stream composition through residential apartments and retail.</li><li>​Potential to market around a simple stabilized pro forma with transparent vacancy and operating expense assumptions.</li><li>​Life-safety systems, sprinkler, smoke, fire, and security systems are disclosed as present and in working order.</li><li>​Wired for Verizon and fiber optics, with public water, public sewer, and electric service

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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