$ 5,500,000
-
$5,500,000
Price -
0
Bed - Bath
-
16,250
SqFt
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About the Listing KWRLTYLP1 - 3197472,3308887
Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2032), minimal OPEX and ±15% rental upside based on market comps. These designer apartments are professionally built (2022 vintage) with an even mixture of seven (7) 1bd units and seven (7) 2bd units atop ground floor commercial space. Anchored on a highly visible block in Francisville (19130), this superior multifamily asset commands attention within the renter pool with its exquisite curb appeal and luxury interiors. The panoramic rooftop terrace provides unparalleled city 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. Enquire within for pro forma financials and building plans.
Listing Highlights for 1723 Ridge Ave
Status
Active
Days on Site
112
Property Type
Commercial Sale
MLS ®
PAPH2484998
Year Built
2022
Total Square Footage
16,250
Lot/Acreage
0.09
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor: Luxury Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 52.00 x 76.00
- Zoning: CMX25
- Roof: Tile
- Others: Excellent
- Sewer: Public Sewer
Financial Details
- Tax Amount: $4,728
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1723 Ridge Ave Philadelphia, PA 19130
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