1723 Ridge Ave,PHILADELPHIA, PA 19130
PHILADELPHIA, PA 19130
Description
Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania - the top destination in the world to visit in 2026. 7% PRO FORMA CAP. Acquire this -16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 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-FULLY LEASED. 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.
Details
| MLS # | PAPH2490130 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2022 |
| Days On Site | 476 |
| Listing Provided By | Keller Williams Liberty Place | Ryan J McManus |
Features
| SQ Feet | 16,250 |
|---|---|
| Story(s) | 5 |
| Units | 4 |
| Zoning | CMX25 |
| Acreage | 0.09 |
| Property View | City |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Roof | Tile |
|---|---|
| Security Features | Exterior Cameras |
| Construction Materials | Brick |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4728 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| Community Name | FRANCISVILLE |
| School District | PHILADELPHIA CITY |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19130 |
| Area | 19130 (19130) |
| Community Name | FRANCISVILLE |
| School District | PHILADELPHIA CITY |
