PA > Philadelphia > Francisville
Philadelphia, PA 19130,1723 RIDGE AVE
Philadelphia, PA 19130,1723 RIDGE AVE
Philadelphia, PA 19130,1723 RIDGE AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
Listed by Ryan J McManus • Keller Williams Liberty Place
$5,500,000
Est. payment /mo
16,250 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 16,250 sqft

Price per Sqft $338

Subdivision Francisville

MLS Listing ID PAPH2484998

Year Built 2022

Available Date 2025-06-03

Annual Tax Amount $4,728

Tax Year 2024

Lot Size 3,990 Sqft

Acres 0.09

Lot Dimensions 52.00 x 76.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

Exterior

Water Access N

View City

Roof Type Tile

Accessibility Elevator

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881443730

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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1723 RIDGE AVE

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