Photo of 1723 Ridge Avenue, Philadelphia PA
     
1723 Ridge Avenue
Francisville
Philadelphia, PA 19130
19130 Art Museum Fairmount
The School District Of Philadelphia
Philadelphia County
Asking Price$5,500,000
# of Units4
1 Bdrm Units7
2 Bdrm Units7
Acres0.09
Interior SqFt16,250
Age3
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2024)4,728

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.

Room Sizes

Location


Driving Directions
BETWEEN 17TH AND 18TH ON RIDGE AVENUE.

Details
Flooring - Luxury Vinyl Plank
Basement - Concrete Perimeter
Exterior Features - Brick
Cooling - Central A/C, Natural Gas
Heating - Central, Natural Gas
Hot Water - Electric
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.971380
Longitude : -75.165490
EveryHome Number : APH249-50604
Listing Courtesy Keller Williams Liberty Place
Zoning Designation CMX25