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For Sale Property MLS# PAPH2671846

1421 W RITNER ST

PHILADELPHIA, PA 19145

$569,000

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About 1421 W RITNER ST

Excellent investment opportunity in South Philadelphia! This fully occupied 5-unit apartment building features five efficiency-style studio apartments and an active 5-unit rental license. The property offers a strong in-place income stream and an attractive basis for an investor seeking a stabilized, income-producing asset. Each unit is currently occupied, providing immediate rental income from day one. The property also features shared laundry with a washer and dryer located in the basement. Conveniently located in South Philadelphia with easy access to Broad Street, major roadways, public transportation, shopping, dining, and neighborhood amenities.

Property details

Property

Type
Other
MLS type
Other
Status
Active
Year built
1920
Living area
1,908 sqft
Price / sqft
$298
Lot
0.02
Original price
$569,000
MLS #
PAPH2671846

Interior

Features
Window Unit(s), true, Baseboard - Electric, Electric, Unfinished, Carpet, Ceramic tile, Hardwood, Laminated, Level Entry - Main
Flooring
Carpet, Ceramic tile, Hardwood, Laminated
Heating
true, Baseboard - Electric
Cooling
Window Unit(s)

Exterior & lot

Features
Straight Thru, Above Grade, Below Grade
Construction
Brick, Masonry, Brick/Mortar, Flat
Roof
Flat
Foundation
Brick/Mortar
Lot
RSA5, 261024100

Schools

District
Philadelphia City School District

Utilities

Utilities
No Septic System, Public, Electric available, Natural gas available, 100 amp service
Water
Public
Sewer
No Septic System
Security
Fire detection system

Financial

Financial
BRIGHT_MAIN, Tenant owned furnishings
Annual tax
$5,267
Tax year
2023
Parcel
261024100

Location

Subdivision
WEST PASSYUNK
Area
19145 (19145)
County
PHILADELPHIA-PA
Neighborhood
Girard Estates
Community
PHILADELPHIA-PA, BRIGHT_MAIN, THE SCHOOL DISTRICT OF PHILADELPHIA
Directions
From I-76, take Exit 347 toward Broad St/PA-611 S. Continue south on Broad St and turn right onto W Ritner St. Continue west on W Ritner St to 1421 W Ritner St. Property is on the north side of Ritner St.

Location

Neighborhood
Girard Estates
Subdivision
WEST PASSYUNK
School district
Philadelphia City School District

Ask about this property

Questions on 1421 W RITNER ST, PHILADELPHIA, PA 19145, or want to see it in person?

Listed by Jonathan Joseph Carrozza, Long & Foster Real Estate, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.