2 N Ridgeway Ave Glenolden, PA 19036

Listing Details

• Property Type: Multi-Family
• Property Sub Type: Duplex
• Structure Type: Twin/Semi-Detached
• Ownership: Fee Simple
• Exclusions: Tenants personal property
• New Construction: No
• Year Built: 1930
• Automatically Close On Close Date: Yes
• Building Winterized: No
• Remarks Public: 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
• Special Features: None

Interior Features

• Fireplace: No
• Foundation Details: Concrete Perimeter
• Room Count: 2
• Basement: Yes
• Basement Type: Full
• Total Sq Ft: 1467
• Living Area Sq Ft: 1467
• Price Per Sq Ft: 177.16
• Above Grade Finished Sq Ft: 1467
• Above Grade Finished Area Units: Square Feet
• Street Number Modifier: 2

Exterior Features

• Other Structures: Above Grade, Below Grade
• Construction Materials: Vinyl Siding, Aluminum Siding
• Roof: Pitched
• Spa: No
• Water Access: No
• Waterfront: No
• Water Oriented: No
• Pool: No Pool
• Tidal Water: No
• Water View: No

Garage/Parking

• Garage: No
• Parking Features: Asphalt Driveway
• Total Garage And Parking Spaces: 3
• Type Of Parking: Driveway
• Number of Spaces in Driveway: 3

Utilities

• Central Air Conditioning: No
• Cooling Fuel: Electric
• Cooling Type: Window Unit(s)
• Electric Service: 100 Amp Service
• Heating Fuel: Natural Gas
• Heating Type: Hot Water
• Heating: Yes
• Hot Water: Natural Gas
• Sewer/Septic System: Public Sewer
• Water Source: Public
• Municipal Trash: Yes

Condo/Co-op/Association

• Association Recreation Fee: No

Schools

• School District: INTERBORO
• Middle School: GLENOLDEN
• High School: INTERBORO SENIOR
• High School Source: Listing Agent
• Middle School Source: Listing Agent
• School District Key: 300200397355
• School District Source: Listing Agent
• High School: INTERBORO SENIOR
• Middle Or Junior School: GLENOLDEN

Lot Info

• Land Use Code: R-20
• Lot Features: Backs - Open Common Area, Corner
• Lot Size Acres: 0.11
• Lot Dimensions: 21.00 x 196.00
• Lot Size Units: Square Feet
• Lot Sq Ft: 4792.00
• Property Condition: Very Good
• Year Assessed: 2024
• Zoning: R-20 TWO FAMILY

Rental Info

• Existing Lease Type: Long Term, Month To Month
• Ground Rent Exists: No
• Owner Pays: Water, Sewer
• Total Actual Rent: 22080.00
• Units Leased Count: 2
• Vacation Rental: No

Tax Info

• School Tax: 3625.00
• Tax Annual Amount: 5106.00
• Assessor Parcel Number: 21-00-01658-00
• Tax Lot: 862-000
• Tax Total Finished Sq Ft: 1467
• County Tax Payment Frequency: Annually
• Tax Data Updated: No
• Tax Year: 2024
• Close Date: 09/27/2024

Multi Family

• Income Includes: Apartment Rentals

MLS Schools

• School District Name: INTERBORO