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Anita Mohamed

stagesite-3.test@chime.me +1(347) 903-3025

$ 2,399,999

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1654 RIDGE AVE Philadelphia, PA 19130

2,231 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 2,231 Sqft

MLS Listing ID PAPH2475460

Subdivision Francisville

Total Units 7

Short Sale No

Originating MLS BRIGHT

Available Date 2025-05-05

Property Description

1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this 6.75-cap boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and ±10% rental upside based on market comparables. The apartments are spaciously configured with a mixture of four (4) 1bdx1ba units, two (2) 3bdx3.5ba penthouse units, and operational ground floor commercial space. Anchored on a highly visible corner lot in Francisville, this prime ±9,000 SF multifamily asset commands attention with its prominent height and curb appeal. Private balconies + roofdecks (+common roofdeck) provide outdoor enjoyment for tenants — and panoramic downtown Philly 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. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Parking Type None

Building

Lot Description Corner

New Construction N

Lot Dimensions 23.00 x 97.00

Sewer Public Sewer

Water Public

Schools

School District Philadelphia City

Others

Tax Amount $5,988

Tax Year 2024

Tax ID 881443720

Ownership Fee Simple

Special Sale Standard

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Listed by Ryan McManus • Keller Williams Liberty Place

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

Anita Mohamed

1654 RIDGE AVE Philadelphia, PA 19130

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1654 RIDGE AVE