1654 Ridge Ave, Philadelphia, PA 19130
- $2,399,999
- List Price
- $2,399,999
- Days on Market
- 486
- Status
- ACTIVE
- MLS#
- PAPH2475460
- Lot Size (Acres)
- 0.05
- Year Built
- 2018
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this 6.75-cap boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and ±10% rental upside based on market comparables. The apartments are spaciously configured with a mixture of four (4) 1bdx1ba units, two (2) 3bdx3.5ba penthouse units, and operational ground floor commercial space. Anchored on a highly visible corner lot in Francisville, this prime ±9,000 SF multifamily asset commands attention with its prominent height and curb appeal. Private balconies + roofdecks (+common roofdeck) provide outdoor enjoyment for tenants — and panoramic downtown Philly skyline views. Easy access into Fairmount, Center City, Museums District, North Broad District + more — a completely accessible location — walkable to all of the world-class urban attractions Philadelphia has to offer. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.
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Additional Information
- Area
- 19130 (19130)
- Subdivision
- Francisville
- Taxes
- $5988
- Stories
- 4
- School District
- Philadelphia City
- Flooring
- Luxury Vinyl Plank
- View
- City
- Heating
- Central
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Fiberglass
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Liberty Place. Contact: 6093995454