2 N RIDGEWAY AVE Glenolden, PA 19036

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