1604 Ridge Ave - Apartments FOR SALE


Philadelphia, PA 19130- Fairmount-Art Museum
$739,000 USD
856-810-5712
1604 Ridge Ave, Philadelphia, PA for Sale
$739,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1604 Ridge Ave
Philadelphia, PA 19130
Fairmount-Art Museum


OVERVIEW

This Franciville/Fairmount property presents a prime opportunity near major attractions. With potential for increased revenue through strategic leasing. The spacious, newly renovated apartments feature modern amenities such as washer/dryer units, mini split A/C systems, stainless steel appliances, and granite countertops. The property is zoned as CMX2.5. The commercial space, just under 1000 sqft in size, has been operating as a successful hair salon for over 20 years. Despite its history, the space offers potential for a variety of other uses beyond just a salon. The sewer, electrical, and roof were all completed in 2020 and 2021. Tenants are responsible for paying the water bill. This rapidly growing community offers a prime opportunity for a true turnkey investment. Don't miss out on adding this property to your portfolio.

FOR SALE DETAILS

PRICE

$739,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

3

PRICE/UNIT

$246,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

three unit investment property

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,481 SF

ZONING

CMX2.5

APN/PARCEL ID

871088150

ASK ABOUT THIS PROPERTY

Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

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Jason BensteadBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
856-810-5712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.