1547 Ridge Avenue,  Philadelphia PA, 19130

(Active)
$1,145,000
|
1 baths, 1,600 sqft
|
MLS# PAPH768574
1of
Full Screen Photos
Photos
Map
Last Updated: 4/23/2019 10:53 PM
Description for 1547 Ridge Avenue Philadelphia, PA 19130
Welcome to 1547 Ridge Ave in the heart of Francisville's booming commercial corridor. Built and developed by one of the neighborhoods leading developers, The Stamm Development Group. This 4,500 sq ft, 20 ft wide, four story new construction property features NET OPERATING INCOME of approximately $72,000, with roughly 9 years left on the tax abatement, a ground floor and basement commercial unit, and two residential units, with the potential to condo and sell separately in the future, this property is a must see! This commercial mixed use building has standpipes, a commercial sprinkler system, french drains, sump pump, Pella windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5 foot easement on the right side of the building making trash storage easy. The first floor commercial unit is currently occupied on a 5 year NNN lease bringing in $2000/month plus $200/month in cost sharing through the NNN. It has access to a fully finished basement and private backyard. The bi level residential units on floors two through four, feature marble backsplashes, quartz waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE stainless steel appliances with gas cooking, central air/heat, white slatted Woodland blinds, Nest Thermostats, scratch resistant vinyl plank flooring, 7~ video monitors, 9-10 ft ceilings, marble vanities in the bathrooms, and custom closet systems in every bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5 bathroom currently being rented at $2000/month. Unit 2 features sweeping views of Center City from a private roof deck, as well as 2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Don't miss your opportunity to get in at the ground level of this developing corridor! Reach out for a private showing today!
Price
$1,145,000
PHILADELPHIA
1
1,600 (approx)
PAPH768574
Active
Description
Welcome to 1547 Ridge Ave in the heart of Francisville's booming commercial corridor. Built and developed by one of the neighborhoods leading developers, The Stamm Development Group. This 4,500 sq ft, 20 ft wide, four story new construction property features NET OPERATING INCOME of approximately $72,000, with roughly 9 years left on the tax abatement, a ground floor and basement commercial unit, and two residential units, with the potential to condo and sell separately in the future, this property is a must see! This commercial mixed use building has standpipes, a commercial sprinkler system, french drains, sump pump, Pella windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5 foot easement on the right side of the building making trash storage easy. The first floor commercial unit is currently occupied on a 5 year NNN lease bringing in $2000/month plus $200/month in cost sharing through the NNN. It has access to a fully finished basement and private backyard. The bi level residential units on floors two through four, feature marble backsplashes, quartz waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE stainless steel appliances with gas cooking, central air/heat, white slatted Woodland blinds, Nest Thermostats, scratch resistant vinyl plank flooring, 7~ video monitors, 9-10 ft ceilings, marble vanities in the bathrooms, and custom closet systems in every bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5 bathroom currently being rented at $2000/month. Unit 2 features sweeping views of Center City from a private roof deck, as well as 2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Don't miss your opportunity to get in at the ground level of this developing corridor! Reach out for a private showing today!
Listing Information
Property Type: Other
1 0.03 Acres
3O 1,600 (approx) $254.44
2018
Electric Water Heater, Public Water Service
Public Sewer
Neighborhood
Room Information
Interior Features
Central Air, Electric
Gas Heat, Forced Air
3
Exterior / Lot Features
None
19.88 x 60.49
CMX2.
Downtown
Financial Considerations
$977
2019
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19130 has a population of 1,567,442.

The median household income in Philadelphia, Pennsylvania 19130 is $37,460. The median household income for the surrounding county is $37,460 compared to the national median of $53,482. The median age of people living in Philadelphia 19130 is 33.6 years.

Loading nearby sales and history ...
Courtesy: Keller Williams Philly
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved
This content last refreshed on 4/23/2019 10:53 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Ask a Question?
Send Now
Start a no spam email conversation