1654 RIDGE AVE Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19130
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $399
Subdivision Francisville
MLS Listing ID PAPH2475460
Originating Board BRIGHT
Year Built 2018
Available Date 2025-05-05
Annual Tax Amount $5,988
Tax Year 2024
Lot Size 2,231 Sqft
Acres 0.05
Lot Dimensions 23.00 x 97.00
Property Sub-Type Five Or More Units
Property Description
1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and rental upside. The apartments are spaciously configured with a mixture of four (4) 1bdx1ba units, two (2) 3bdx3.5ba penthouse units, and operational ground floor commercial space. Anchored on a highly visible corner lot in Francisville, this prime multifamily asset commands attention with its prominent height and curb appeal. Private balconies + roofdecks (+common roofdeck) provide outdoor enjoyment for tenants — and panoramic downtown Philly 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. ±10% rental upside for new Ownership based on below-market rents. Coming soon with professional photos. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881443720
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard