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1547 RIDGE AVENUE

PHILADELPHIA , PA 19130

MLS#: PAPH728822

$1,095,000

Status: Closed
Listing number: PAPH728822
Listing provided by: KW Philly
Listing agent phone: None
Last update: 4 days ago
On site: 6 years ago
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Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

2018

Sq.Footage

4,500

Welcome to 1547 Ridge Ave in the heart of Francisville s booming commercial corridor. Built and developed by one of the neighborhoods leading developers, The Stamm Development Group. This 4,500 sq ft, 20 ft wide, four story new construction property features NET OPERATING INCOME of approximately $72,000, with roughly 9 years left on the tax abatement, a ground floor and basement commercial unit, and two residential units, with the potential to condo and sell separately in the future, this property is a must see! This commercial mixed use building has standpipes, a commercial sprinkler system, french drains, sump pump, Pella windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5 foot easement on the right side of the building making trash storage easy. The first floor commercial unit is currently occupied on a 5 year NNN lease bringing in $2000/month plus $200/month in cost sharing through the NNN. It has access to a fully finished basement and private backyard. The bi level residential units on floors two through four, feature marble backsplashes, quartz waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE stainless steel appliances with gas cooking, central air/heat, white slatted Woodland blinds, Nest Thermostats, scratch resistant vinyl plank flooring, 7 video monitors, 9-10 ft ceilings, marble vanities in the bathrooms, and custom closet systems in every bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5 bathroom currently being rented at $2000/month. Unit 2 features sweeping views of Center City from a private roof deck, as well as 2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Lease for Unit 2 expires 6/30/2021. Don t miss your opportunity to get in at the ground level of this developing corridor! Reach out for a private showing today!

Features & Amenities

Interior

  • Other Interior Features

    Recessed Lighting, Walk-In Closet(s), High Ceilings, Open Floorplan

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3600.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Exhaust Fan, Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick Veneer, Aluminum Siding, Batts Insulation, Brick, Concrete, Glass, Metal Siding

  • Other Exterior Features

    Lighting

  • Parking

    None

  • Patio and Porch Features

    Deck, Patio

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Other

Price

  • Sales Price

    $1,095,000

  • Tax Amount

    $977

  • Sq. Footage

    4, 500

  • Price/SqFt

    $243

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    5

  • Sewer

    Public Sewer

  • Tax Lot

    181

  • Water Source

    Public

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Listing Courtesy of Ryan Stawasz , KW Philly

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Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Welcome to 1547 Ridge Ave in the heart of Francisville s booming commercial corridor. Built and developed by one of the neighborhoods leading developers, The Stamm Development Group. This 4,500 sq ft, 20 ft wide, four story new construction property features NET OPERATING INCOME of approximately $72,000, with roughly 9 years left on the tax abatement, a ground floor and basement commercial unit, and two residential units, with the potential to condo and sell separately in the future, this property is a must see! This commercial mixed use building has standpipes, a commercial sprinkler system, french drains, sump pump, Pella windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5 foot easement on the right side of the building making trash storage easy. The first floor commercial unit is currently occupied on a 5 year NNN lease bringing in $2000/month plus $200/month in cost sharing through the NNN. It has access to a fully finished basement and private backyard. The bi level residential units on floors two through four, feature marble backsplashes, quartz waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE stainless steel appliances with gas cooking, central air/heat, white slatted Woodland blinds, Nest Thermostats, scratch resistant vinyl plank flooring, 7 video monitors, 9-10 ft ceilings, marble vanities in the bathrooms, and custom closet systems in every bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5 bathroom currently being rented at $2000/month. Unit 2 features sweeping views of Center City from a private roof deck, as well as 2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Lease for Unit 2 expires 6/30/2021. Don t miss your opportunity to get in at the ground level of this developing corridor! Reach out for a private showing today!

1547 RIDGE AVENUE

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