Multi-family investment opportunity with a proven rental history. Corner lot with three off-street parking spaces. The first-floor unit comprises two bedrooms, one bathroom, a living room, a kitchen, and a full unfinished basement with washer and dryer hookups. Recent upgrades include a new side entrance deck, storm door, and Bilco doors for basement access. The second-floor apartment offers a spacious one-bedroom, one-bathroom layout with a living room, kitchen, and in-unit washer and dryer. This unit boasts newer windows, upgraded electrical, new drywall, doors, trim, and ceiling fans. Both units are bathed in natural sunlight. Common areas include a front enclosed porch and a sizable backyard. The long-term first-floor tenant (eight years) handles lawn maintenance, snow removal, and pest control services in exchange for a reduced rent. The second-floor tenant has resided in the unit for two years. Both tenants have a history of prompt and early rental payments and have expressed a desire to remain in the property. However, the current rental rates are below market value, presenting an opportunity for increased revenue. Separate gas radiant heaters, water heaters, and 100-amp services are provided. The landlord covers the cost of common cold water and sewer. Second-floor rent: $980. First-floor rent: $860. For any further inquiries, please contact the listing agent, Mike Ziv
Sold for $263,000 on 09/27/24
$263,000
2 N Ridgeway Ave, Glenolden, PA 19036
3beds
--baths
1,467sqft
Duplex
Built in 1930
-- sqft lot
$297,500 Zestimate®
$179/sqft
$1,271 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 27, 2024 at 05:02pm
Listed by:
Mike Ziv 610-842-3900,
Realty Mark Associates
Bought with:
Kola Ojulari, RS285372
Whitney Sims Realty LLC
Source: Bright MLS,MLS#: PADE2069570

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,467
- Total interior livable area: 1,467 sqft
Property
Parking
- Total spaces: 3
- Parking features: Asphalt, Driveway
- Uncovered spaces: 3
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 4,792 sqft
- Dimensions: 21.00 x 196.00
- Features: Backs - Open Common Area, Corner Lot, Corner Lot/Unit
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 21000165800
- Zoning: R-20 TWO FAMILY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex
Materials
- Vinyl Siding, Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Pitched
Condition
- Very Good
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Glenolden
- Municipality: GLENOLDEN BORO
HOA & financial
Other financial information
- Total actual rent: 22080
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Services availability

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