1614 Ridge Ave | Philadelphia, PA 19130
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- LoopNet Team
1614 Ridge Ave
Philadelphia, PA 19130
Three-unit Investment property · Multifamily Property For Sale · 3 Units
INVESTMENT HIGHLIGHTS
- Situated in the vibrant Francisville/Fairmount area, just off North Broad Street, near the intersection of Ridge and 16th.
- The first floor is currently rented to a long-standing salon, providing immediate rental income with potential for diverse commercial use.
- The entire building was extensively renovated in 2019-2020, including new flooring, roof, electrical, plumbing, and mini-split AC units.
- Just under 3,000 sq. ft., with approximately 1,000 sq. ft. on each level, offering a versatile layout for various uses.
- The 2nd and 3rd floors feature large 1-bedroom apartments with hardwood floors, updated kitchens and bathrooms, and in-unit washers and dryers.
- All utilities are separate, and electric systems have been upgraded, offering efficiency and reduced management hassles.
PROPERTY FACTS
| No. Units | 3 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 8,060 SF |
| Property Subtype | No. Stories | 3 | |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2020 |
| Building Class | C |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 8,060 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2020 |
PROPERTY TAXES
| Parcel Number | 871088150 | Improvements Assessment | $448,342 |
| Land Assessment | $112,086 | Total Assessment | $560,428 |
PROPERTY TAXES
Parcel Number
871088150
Land Assessment
$112,086
Improvements Assessment
$448,342
Total Assessment
$560,428
ZONING
| Zoning Code | CMX-2.5 (primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial corridors) |
| CMX-2.5 (primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial corridors) |
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