Homes for sale - 1604 RIDGE AVE, Philadelphia, PA 19130

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Travis Gray

[email protected] +1(301) 641-0809

$ 739,000

Est. payment -/mo

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Price Dropped by $71K

1604 RIDGE AVE Philadelphia, PA 19130

2,899 SqFt

UPDATED:

11/01/2024 06:27 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,899 sqft

Price per Sqft $254

MLS Listing ID PAPH2368412

Style Straight Thru

Abv Grd Liv Area 2,899

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,437

Tax Year 2024

Lot Size 1,466 Sqft

Acres 0.03

Lot Dimensions 19.00 x 76.00

Property Description

Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Cooling Central A/C, Ductless/Mini-Split

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871088150

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Dawn Varallo • BHHS Fox & Roach-Art Museum

Travis Gray

Advisor | License ID: 636268

+1(301) 641-0809

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