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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
* 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
* 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 - commercial mixed-use, | ||
| 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 - commercial mixed-use, |
Amenities
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
- 24 Hour Access
- Controlled Access
- On-Site Retail
- Elevator
- Smoke Detector
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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