Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA with the benefit of a 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.
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Listing Snapshot
Price
$5,700,000
Days On Site
16 Days
Bedrooms
N/A
Inside Area (SqFt)
16,250 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.09 Acres
Year Built
2022
MLS® Number
PAPH2484998
Status
Active
Property Tax
$4,728
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
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