Other

1723 RIDGE AVENUE

PHILADELPHIA , PA 19130

MLS#: PAPH2490130

$5,500,000

Status: Active

Listing number: PAPH2490130

Listing provided by: Keller Williams Liberty Place

Listing agent phone: None

Last update: 8 days ago

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Property

Beds

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
Bathrooms

N/A
Above Grade Finished Area

16250.0
Cooling YN

YES
Cooling

Central Air, Gas
Heating YN

YES
Heating

Natural Gas, Central

Exterior

Garage

No
Construction Materials

Brick
Parking

None
Pool

Yes
Pool Features

None
Waterfront YN

NO
View

City

Area & Lot

Lot Size(acres)

0.09
Property Type

Residential Income
Property Sub Type

Multi Family
Architectural Style

Other

Price

Sales Price

$5,500,000
Tax Amount

4728.0
Sq. Footage

16, 250
Price/SqFt

$338

HOA

Association

No

School District

Elementary School

N/A
Middle School

N/A
High School

N/A

Property Features

Stories

5
Accessibility Features

Accessible Elevator Installed
Foundation Details

Concrete Perimeter
Sewer

Public Sewer

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Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place

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TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com

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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.

1723 RIDGE AVENUE

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Features & Amenities

Interior

Exterior

Area & Lot

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HOA

School District

Property Features

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Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place

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