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Asking Price - $1,199,000
Days on Market - 89
1602 Ridge Avenue
Fairmount
Philadelphia, PA 19130
Featured Agent
EveryHome Agent
Asking Price
$1,199,000
Days on Market
89
# of Units
4
1 Bdrm Units
3
Acres
0.03
Interior SqFt
5,750
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2022)
4,102
Additional Details Below
EveryHome Agent
Views: 50
Featured Agent
EveryHome Realtor
Description
Extraordinary investment opportunity in booming Fairmount! Ground-up new construction, over $103,000 in projected net annual income, solid 8.75% cap rate. Estimated June 2024 completion. Stunning curb appeal with custom corrugated stone, white brick, Parisian wrought-iron Juliette balconies. Ground-floor bi-level commercial space features 12’ main-level ceilings and 8’ below-grade. Luxury 1-bedroom apartments offer 730 square feet of brilliantly designed living space with exceptional storage and magnificent natural light. Wide-plank white-oak flooring, expansive living/dining areas, fabulous kitchens with elegant quartz waterfall-edge surfaces, 9’ islands with breakfast bar seating for 4, dual-tone custom cabinetry with custom brushed gold hardware, Carrera marble backsplashes with gold inlay, oversized farmhouse sinks, Samsung stainless appliance packages, designer chandeliers. French doors open to custom Juliette balconies. Luxury bathrooms with double-bowl floating vanities, roomy walk-in showers with herringboned tile, chic wallpaper. Large walk-in laundry rooms, spacious bedrooms with outstanding closet space and superb light. Sprawling community roof deck with breathtaking skyline views. Premium location less than 3 blocks to Fairmount Avenue. Architectural plans available. 100% turn-key! Incredible opportunity!
Location
Driving Directions
Intersection of N 16th Street and Ridge Avenue
Listing Details
Summary
Architectural Type
•Contemporary, Traditional
Interior Features
Flooring
•Hardwood, Heavy Duty
Basement
•Fully Finished, Concrete Perimeter
Interior Features
•Breakfast Area, Combination Dining/Living, Combination Kitchen/Dining, Double/Dual Staircase, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Stall Shower
Appliances
•Built-In Microwave, Built-In Range, Dishwasher, Disposal, Refrigerator, Stainless Steel Appliances, Water Heater
Exterior Features
Exterior Features
•Exterior Lighting, Balcony, Deck(s), Roof, Stick Built, Stone, Brick Front
Utilities
Cooling
•Central A/C, Electric
Heating
•90% Forced Air, Natural Gas
Additional Utilities
•Electric Available, Electric: 200+ Amp Service
Miscellaneous
Lattitude : 39.969112
Longitude : -75.163551
MLS# : PAPH2318900
Views : 50
Listing Courtesy: Matthew Greene of Coldwell Banker Realty
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Notes
Page: © 2024 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc.
Presentation: © 2024 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
