3339 Ridge Avenue, a cash-flowing triplex. This 3,100 sq. ft. multifamily property features three spacious 2-bedroom units, including Unit A with 2.5 baths. The building is fully sprinklered and includes an unfinished basement, offering additional storage or utility space.
Current rents total $4,550/month, generating $54,600 in annual gross income. Based on current expenses, the property produces an estimated NOI of $49,378.09 and an approximate in-place cap rate of 8.37%.
Property Highlights:
• Triplex with three income-producing units
• Current monthly rent: $4,550
• Annual gross income: $54,600
• Estimated NOI: $49,378.09
• cap rate: 8.37%
• 3,100 sq. ft.
A strong addition to any investor portfolio with solid in-place income and long-term rental upside.
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Listing Snapshot
Price
$557,992
Days On Site
87 Days
Bedrooms
6
Inside Area (SqFt)
3,350 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1915
MLS® Number
PAPH2646186
Status
Active
Property Tax
$921
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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