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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.
Property Type(s):
Commercial
| Last Updated | 5/4/2025 | Tract | FRANCISVILLE |
|---|---|---|---|
| Year Built | 2018 | Community | 19130 (19130) |
| County | PHILADELPHIA |
SCHOOLS
| 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 |
Location
Listing provided by Keller Williams Liberty Place
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 5/5/25 7:08 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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