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1654 Ridge presents a turnkey 7-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this boutique apartment building in a Top-10 USA MSA with the benefit of a 10yr tax abatement (expiring 2028), minimal OPEX and rental upside. 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 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. ±10% rental upside for new Ownership based on below-market rents. Coming soon with professional photos. Tenant occupied (48hr notice to tour). Enquire within for pro forma financials and building plans.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/4/2025 |
|---|---|---|---|
| TRACT | FRANCISVILLE | YEAR BUILT | 2018 |
| COMMUNITY | 19130 (19130) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19130 (19130) |
| HEAT | Central, Natural Gas |
| LOT | 2178 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 23.00 x 97.00 |
| PARKING | None |
| SEWER | Public Sewer |
| STORIES | 4 |
| SUBDIVISION | FRANCISVILLE |
| TAXES | 5988 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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