Property
Beds
21
Full Baths
None
1/2 Baths
None
Year Built
2022
Sq.Footage
16,250
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.
Features & Amenities
Interior
-
Total Bedrooms
21
Area & Lot
-
Lot Size(acres)
0.09
-
Property Type
Residential Income
-
Architectural Style
Other
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
None
Financial
-
Sales Price
$5,700,000
-
Tax Amount
4728.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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