NOT LISTED FOR SALE

107 E Ridley Ave Ridley Park, PA 19078

Studio
-- Bath
-- Sq Ft
1955 Built

Last Sold March 31, 2022

Last sale price $730,000

8 Days on Market

Highlights

  • Colonial Architecture
  • Radiator
  • 2-minute walk to Veterans Park

About This Home

As of March 2022

Welcome to 107 East Ridley Avenue, Ridley Park Pa! Don't Miss This Unique Opportunity to Own an Historic 6 Unit Apartment Building in a Desirable Residential Community! Net Operating Income: $55,823! Property Consists of a Meticulously Maintained 6 Unit Apartment Building Containing (2) 1 Bed/1 Bath Apartments; (1) 2 Bed/2 Bath Apartment; and (3) 2 Bed/1 Bath Apartments. All Units are Currently Occupied with Minimal Vacancies During Present Ownership. The Property Features Large Yard, Porch and Storage Spaces. Hardwood Floors and Historic Architectural Touches Throughout. A Detached Garage with Driveway Provides Additional Opportunity for Rental Income. Extras Include: Walking Distance to Schools, Shopping, Parks, Public Transportation and Train Station. Minutes to 95, 476, Philadelphia International Airport, Boeing with Short Commutes to Center City, Wilmington DE & King of Prussia. All Utilities have Been Separated and Tenants are Responsible for Their Own Heat/Electric and Hot Water. Laundry Located on Property. Rent Rolls are Available Upon Request.

Last Agent to Sell the Property

Mike Mulholland

(610) 892-8300 mediaoffice@longandfoster.com Long & Foster Real Estate, Inc. License #RS277114 Listed on: 02/23/2022

Long & Foster Real Estate, Inc.

Co-Listed By

Wendy Roberts

(610) 892-8300 mediaoffice@longandfoster.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Robert Stranix

(610) 924-7284 connoreichmanre@gmail.com Premier Property Management & Realty LLC License #rs354292

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,088

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 115.00 x 165.00

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture

Utilities

  • Radiator
  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • Operating Expense $28,497
  • Gross Income $86,040
  • Net Operating Income $55,823

Listing and Financial Details

  • Tax Lot 330-000
  • Assessor Parcel Number 37-00-01756-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,088

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 266290.00
  • Land Assessed Value: 112280.00
  • Lot Dimensions: 115.00 x 165.00
  • Lot Size Units: Square Feet
  • Zoning: A-50

Rental Info

  • Units Leased Count: 6
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 541283
  • School Tax: 8966.00
  • Tax Annual Amount: 12088.00
  • Assessor Parcel Number: 37-00-01756-00
  • Tax Lot: 330-000
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2022

Multi Family

  • Gross Income: 84319.00
  • Gross Scheduled Income: 86040.00
  • Operating Expense: 28497.00
  • Vacancy Allowance Rate: 2.00

MLS Schools

  • School District Name: RIDLEY
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $730,000 -8.7% --
03/03/2022 03/03/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $799,900 +205.8% --
05/17/2012 05/17/12 Sold $261,600 -27.3% -- View Prior Sale
04/13/2012 04/13/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $359,900 -- --
Source: Bright MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,453 $531,440 $112,280 $419,160
2024 $18,453 $531,440 $112,280 $419,160
2023 $17,643 $531,440 $112,280 $419,160
2022 $12,089 $378,570 $112,280 $266,290
2021 $18,637 $378,570 $112,280 $266,290
2020 $12,471 $221,500 $102,040 $119,460
2019 $12,234 $221,500 $102,040 $119,460
2018 $11,881 $221,500 $0 $0
2017 $11,881 $221,500 $0 $0
2016 $1,216 $221,500 $0 $0
2015 $1,216 $221,500 $0 $0
2014 $1,240 $221,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PADE2019554

Bright MLS

APN: 37-00-01756-00

Your Personal Tour Guide

Ask me questions while you tour the home.