Dennis Mark Interdonato
(732) 598-2672dennismark@kw.com
$5,700,000
Coming Soon

1723 RIDGE AVENUE

Philadelphia, PA 19130
16250 sqft | 0.09 acres | #PAPH2484998
Listing OfficeKeller Williams Liberty Place
Office Phone
Office Email
Structure:Unit
Zone:Commercial

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.

  • Property Details
      • FoundationConcrete Perimeter
      • Property SubtypeFive Or More Units
      • Sewer InformationPublic Sewer
      • SubdivisionFRANCISVILLE
      • MLS #PAPH2484998
      • MLS #PAPH2484998
      • Property ConditionExcellent
      • Square Feet16250.00
      • Cost5700000
      • Utility SourcePublic
      • Taxes Annual$4,728
      • ViewCity
      • Acres0.09
      • Year Built2022
      • Stories5

Location

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© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BRIGHT

Listing Courtesy
Listing Agent: Ryan J McManus (#3197472)
Listing Office: Keller Williams Liberty Place (#KWRLTYLP1)

Dennis Interdonato | Keller Williams Realty Ocean LivingReal Estate Group
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