1723 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 16,250 sqft
Price per Sqft $350
Subdivision Francisville
MLS Listing ID PAPH2484998
Year Built 2022
Available Date 2025-06-03
Annual Tax Amount $4,728
Tax Year 2024
Lot Size 3,990 Sqft
Acres 0.09
Lot Dimensions 52.00 x 76.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property 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.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX25
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Natural Gas
Exterior
Water Access N
View City
Roof Type Tile
Accessibility Elevator
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881443730
Ownership Fee Simple
SqFt Source Assessor
Security Features Exterior Cameras
Special Listing Condition Standard