1547 Ridge Avenue,  Philadelphia PA, 19130

(Active)
$1,145,000
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MLS# PAPH728822
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Last Updated: 4/20/2019 3:07 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
PAPH728822
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: Single Family, Other
0.03 Acres 3O $318.06
2018 Aluminum Siding, Brick, Brick Front, Concrete, Gla
Electric Water Heater, Public Water Service
Public Sewer
3 Total
Neighborhood
School Information
District: The School District Of Philadelphia
Room Information
Master Bathroom
Interior Features
Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan/Hood, Ice Maker, Intercom System, Gas Range/Cooktop, Range Hood, Refrigerator, Appliance Center, Washer, Water Dispenser, Stacked Washer/Dryer, Carbon Monoxide Detector
Vinyl
Central Air, Electric
Gas Heat, Central
Full Finished
3
TV Entry System, Main Entrance Locked, Alarm -Smoke/Fire
Breakfast Area, Open Floor Plan, Recessed Lights, Walk-in Closets, Window Treatment, Fire Alarm System, Fire Sprinklers
Exterior / Lot Features
Metal, Brick, Aluminum, Glass, Concrete
Deck, Patio
Fiberglass
19.88 x 60.49
CMX2.
Exterior Lighting, Sidewalks
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.

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Courtesy: Keller Williams Philly
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