1723 RIDGE AVE, Philadelphia, PA 19130
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1723 RIDGE AVE, Philadelphia, PA 19130
1723 RIDGE AVE, Philadelphia, PA 19130
1723 RIDGE AVE, Philadelphia, PA 19130
1723 RIDGE AVE, Philadelphia, PA 19130
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Tamika R. Johnson

Tamika R. Johnson

+1(240) 602-4348
Listed by Ryan McManus • Keller Williams Liberty Place
$ 4,925,000
Est. payment /mo
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Active

1723 RIDGE AVE Philadelphia, PA 19130

3,990 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Francisville

MLS Listing ID PAPH2484998

Year Built 2022

Available Date 2025-06-03

Annual Tax Amount $4,728

Tax Year 2024

Lot Size 3,990 Sqft

Acres 0.09

Lot Dimensions 52.00 x 76.00

Property Sub-Type Five Or More Units

Source BRIGHT

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. 7% PRO FORMA CAP. 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—FULLY LEASED. 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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

Exterior

Water Access N

View City

Roof Type Tile

Accessibility Elevator

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881443730

Ownership Fee Simple

Security Features Exterior Cameras

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Tamika R. Johnson

Tamika R. Johnson

Broker Associate License ID: 607079

+1(240) 602-4348

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1723 RIDGE AVE

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