1723 RIDGE AVE, Philadelphia, PA 19130
1723 RIDGE AVE, Philadelphia, PA 19130
1723 RIDGE AVE, Philadelphia, PA 19130
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Matthew D'Antonio

Matthew D'Antonio

+1(610) 213-4955
Listed by Ryan McManus • Keller Williams Liberty Place
$4,925,000
Est. payment /mo
3,990 Sqft Lot
Save

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

Read Less Info
Bright MLS (BMLS)

Nearby Locations

Matthew D'Antonio
Matthew D'Antonio

Agent | License ID: 319647

+1(610) 213-4955 | matt@mattdantonio.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Lanco Living, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

QUICK SEARCH
More