"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."
MLS# | PAPH2368988 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 2019 |
Days On Site | 137 |
Listing Provided By | BY Real Estate | zhibin xu |
Zoning | CMX25 |
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Acreage | 0.05 |
State | PA |
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County | Philadelphia |
City | Philadelphia |
Zip Code | 19130 |
Area | 19130 |
School District | The School District Of Philadelp |
Listing VS Median (in 19130) | |
Price: $2,690,000 low | high Med: $4,587 On Site: 137 low | high Med: 407.000000 |