Held · Income producing
Philadelphia, Pennsylvania
1608 Ridge Ave
A Philadelphia condominium acquired in turnkey condition and held as furnished housing for travelling clinicians and professionals.
$245,000
Purchase
Mar 2023
Acquired
$300,000
Current value
$2,750
Monthly rent
The work
Bought right,
held simply
Not every asset needs work. This condominium was acquired in condition to let and has been continuously occupied since, serving travelling clinicians and professionals on assignment in Philadelphia.
It is the quietest holding in the portfolio and among the most reliable — no construction risk, no vacancy gaps, and a tenant profile that renews.
- Acquired turnkey, no renovation required
- Furnished and leased on flexible terms
- Continuously occupied since March 2023
- Condominium fee $265–318 monthly
- Rent progression $2,650 to $2,850
- Currently listed for sale at $285,000
Photography
The apartment
Before · Dining
After · Dining
Before · Kitchen
After · Kitchen
Before · livingroom
After · Livingroom
Before · Interior
After · Interior
Before · Interior
After · Interior