1723 Ridge Ave, Philadelphia, PA 19130
- $4,925,000
- 16,250
- SqFt
- List Price
- $4,925,000
- Price Change
- ▲ $200,000 1784155758
- Days on Market
- 433
- Status
- ACTIVE
- MLS#
- PAPH2490130
- Living Area
- 16,250
- Lot Size (Acres)
- 0.09
- Style
- Other
- Year Built
- 2022
- County
- Philadelphia
- School District
- Philadelphia City
Property 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.
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Additional Information
- Area
- 19130 (19130)
- Subdivision
- Francisville
- Taxes
- $4728
- Stories
- 5
- School District
- Philadelphia City
- Flooring
- Luxury Vinyl Plank
- View
- City
- Heating
- Central
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Tile
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Keller Williams Liberty Place. Contact: 6093995454