For Sale: 7928 Ridge Avenue, Philadelphia, PA 19128 Investment Property in Roxborough – $6,000 Monthly Income | Ideal for 1031 Exchange Fully Occupied Discover a rare opportunity to own a prime mixed-use property on Ridge Avenue in the heart of Roxborough. This versatile building combines commercial office space with two residential apartments, offering multiple income streams and long-term appreciation potential. ?? Property Overview Address: 7928 Ridge Avenue, Philadelphia, PA 19128 Lot Size: 7,841 sq ft Building Size: 3,558 sq ft Year Built: 1917 Zoning: Mixed-use ?? Commercial Space Handicap-accessible 6-room office suite on the main floor Two large formal offices, kitchenette, bathroom, and multiple entrances Wheelchair lift for accessibility Perfect for medical, professional, or service-based businesses ?? Residential Units Second Floor: Spacious 2-bedroom apartment with modern finishes Third Floor: Stylish 1-bedroom apartment with updated features All units are currently leased, providing steady rental income ?? Parking & Garage Multi-space driveway for tenants and clients Stand-alone 3-car garage for additional rental or storage income ?? Financial Highlights Current Income: $6,000 per month from office and residential leases Strong Appreciation: Previously sold for $525,000 in 2020; current market value estimated between $669,400 - $779,000 Investment Appeal: Excellent candidate for a 1031 exchange, allowing investors to defer capital gains while upgrading their portfolio ?? Key Advantages Prime Location: Situated on Ridge Avenue, close to shops, restaurants, and public transit Multiple Revenue Streams: Commercial + residential = diversified income Owner-Occupant Potential: Live upstairs while running your business downstairs Turnkey Investment: Fully leased with reliable tenants ?? Schedule your private showing today to explore the possibilities at 7928 Ridge Avenue. Whether you’re seeking a stable cash-flowing property, a strategic 1031 exchange opportunity, or a mixed-use gem in Roxborough, this property delivers it all.
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