1602 Ridge Avenue Philadelphia, PA 19130
Extraordinary investment opportunity in booming Fairmount! Ground-up new construction, over $103, 000 in projected net annual income, solid 8.75% cap rate. Estimated June 2024 completion. Stunning curb appeal with custom corrugated stone, white brick, Parisian wrought-iron Juliette balconies. Ground-floor bi-level commercial space features 12’ main-level ceilings and 8’ below-grade. Luxury 1-bedroom apartments offer 730 square feet of brilliantly designed living space with exceptional storage and magnificent natural light. Wide-plank white-oak flooring, expansive living/dining areas, fabulous kitchens with elegant quartz waterfall-edge surfaces, 9’ islands with breakfast bar seating for 4, dual-tone custom cabinetry with custom brushed gold hardware, Carrera marble backsplashes with gold inlay, oversized farmhouse sinks, Samsung stainless appliance packages, designer chandeliers. French doors open to custom Juliette balconies. Luxury bathrooms with double-bowl floating vanities, roomy walk-in showers with herringboned tile, chic wallpaper. Large walk-in laundry rooms, spacious bedrooms with outstanding closet space and superb light. Sprawling community roof deck with breathtaking skyline views. Premium location less than 3 blocks to Fairmount Avenue. Architectural plans available. 100% turn-key! Incredible opportunity!
- Property TypeCommercial
- NeighborhoodFairmount
- CountyPhiladelphia
- Taxes$4,102
- HOA/Condo/Coop Fees$0
- Days on Site43 Days
- MLS StatusActive
- MLS ID NumberPAPH2319406
- Home Size Source Assessor
- Year Built2024
- Lot Size0.03 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Stone
- Parking On Street
- Sewer Public Sewer
- Electric 200+ Amp Service
- Acreage 0.03
- Water Public
- Security Carbon Monoxide Detector(s)
- Property Sub Type Mixed Use
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning CMX25
Interior Features
- Cooling Central A/ CElectric
- Heating 90% Forced AirNatural Gas
- Flooring Heavy DutyHardwood
Exterior Features
- Roof Fiberglass
- View City
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19130 (19130)
- Security Features Carbon Monoxide Detector(s)