BEDS0
BATHS
MLS#PAPH2475460
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONFRANCISVILLE
SCHOOLPHILADELPHIA 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.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Lot Size: 0.05 Acres
Roof Type: Fiberglass
Taxes: $5,988
Year Built: 2018
Feature Descriptions
Exterior: Masonry
Flooring: Luxury Vinyl Plank
Location: Downtown
Lot: Corner
Lot Dimensions: 0.05 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: City
Total Garage/Parking Spaces: 0
Units: 7
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Liberty Place
Agency Phone: 6093995454
Shown By
Agent Name: Elizabeth Knouse Foote Team
Agent Phone: (717) 554-9394
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1654 Ridge Avenue | MLS# PAPH2475460
This commercial property located at 1654 Ridge Avenue, Philadelphia, PA 19130 is currently listed for sale with an asking price of $2,399,999. Ridge Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.knouseteam.com today.