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1540 Ridge Ave 10 Unit Apartment Building $2,600,000 ($260,000/Unit) Philadelphia, PA 19130
Investment Highlights
- Elevator building
- Secured access building
- Walk score of 89
- Washer and dryer in every unit
- Short walk to public transportation
- Bike Score of 85
Executive Summary
PRIME INVESTMENT OPPORTUNITY!
* We are proud to present 1540 Ridge Avenue:
* 8 one bedroom apartments with two of these units being penthouse units with private roof deck access
* 2 Ground Floor Commercial Spaces
* Fully stabilized building (100% occupancy)
* Tax abated building (4+ years left on the tax abatement)
* Stainless Steel Appliances, Washer and Dryer in every unit, quartz countertops
* Elevator building
* Located in the heart of booming Francisville
* A short walk to SEPTA Girard/Broad St Station, The Met Philadelphia, along with coffee shops, restaurants, gyms and many other retailers.
* The Francisville neighborhood is popular among renters due to its proximity to Center City and Temple University.
Please reach out for additional information and financials.
* We are proud to present 1540 Ridge Avenue:
* 8 one bedroom apartments with two of these units being penthouse units with private roof deck access
* 2 Ground Floor Commercial Spaces
* Fully stabilized building (100% occupancy)
* Tax abated building (4+ years left on the tax abatement)
* Stainless Steel Appliances, Washer and Dryer in every unit, quartz countertops
* Elevator building
* Located in the heart of booming Francisville
* A short walk to SEPTA Girard/Broad St Station, The Met Philadelphia, along with coffee shops, restaurants, gyms and many other retailers.
* The Francisville neighborhood is popular among renters due to its proximity to Center City and Temple University.
Please reach out for additional information and financials.
Property Facts
| Price | $2,600,000 | Building Class | B |
| Price Per Unit | $260,000 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 10,500 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | CMX-2.5 | ||
| Price | $2,600,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 10,500 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2019 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2.5 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Fireplace
- Washer/Dryer
- Heating
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Views
- Deck
- Intercom
- Island Kitchen
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 881442499 | Improvements Assessment | $1,435,320 |
| Land Assessment | $159,480 | Total Assessment | $1,594,800 |
Property Taxes
Parcel Number
881442499
Land Assessment
$159,480
Improvements Assessment
$1,435,320
Total Assessment
$1,594,800
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Contact the Sale Advisor
1540 Ridge Ave
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