Cell: (410) 627-9990 | Office:(410) 561-0044
SQUARE FEET16,250
MLS#PAPH2490130
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONFRANCISVILLE
SCHOOLPHILADELPHIA 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. 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. 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Lot Size: 0.09 Acres
Roof Type: Tile
Taxes: $4,728
Year Built: 2022
Feature Descriptions
Accessibility: Elevator
Additional Structures: Above Grade
Exterior: Brick
Flooring: Luxury Vinyl Plank
Location: Downtown
Lot Dimensions: 0.09 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 7
Sewer: Public Sewer
Special View Info: City
Structure Type: Other
Total Garage/Parking Spaces: 0
Two Bedroom Units: 7
Units: 4
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Liberty Place
Agency Phone: 6093995454
Shown By
Agent Name: Mike & Monica Nelson Team
Agent Phone: Cell: (410) 627-9990
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 13,357.75 per month $11,461.67 Principal & Interest $394.00 Property Tax $1,502.08 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
1723 Ridge Avenue | MLS# PAPH2490130
This multi-family property located at 1723 Ridge Avenue, Philadelphia, PA 19130 is currently listed for sale with an asking price of $5,150,000. Ridge Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.mikenelsonrealtor.com today.