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23790606
23790610

1723 Ridge Ave, Philadelphia, PA 19130

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team
$5,000,000
373 days on market
Updated 38 days ago
Opportunity zone

PRIME ON RIDGE

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,250
Units 15
Cap Rate 6.63%
Occupancy 100%
Price per SqFt $308
Class A
Year Built 2022
Buildings 1
Stories 5
Zoning CMX2.5
Investment Type Stabilized

Multifamily | 15 Units | $333,333/unit

Marketing 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. 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. 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.

Investment highlights

  • PRIME BOUTIQUE APARTMENT PROPERTY

  • STABILIZED, TURNKEY INVESTMENT ASSET

  • FULL 10 YR TAX ABATEMENT

  • NEW CONSTRUCTION MULTIFAMILY

  • TOP 10 USA MSA — RENT GROWTH

  • COVETED 19130 RENTAL SUBMARKET

  • PHL — #1 DESTINATION IN WORLD TO VISIT

  • IDEAL 1031 EXCHANGE

Listing Contacts

AP
PA Pennsylvania RS316262, NJ NJ 2190813
The Oceanside Realty Team
Listed by The Oceanside Realty Team

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Additional Information

Name
Agent PHL
License
Pennsylvania RS316262
Brokerage Phone
6106061095
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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