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1604 Ridge Ave
For Sale $739,000 ($254.92 per Sq Ft)
$739,000 ($254.92 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,899 Sq Ft
- 1,466 Sq Ft
Description
Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $739,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,899 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1920 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871088150 |
| MLS # | PAPH2368412 |
| Property ID | 293827020 |
| Lot Sqft | 1,466 |
| Zoning | CMX25 |
| Total Units | 3 |
| Days on Market | 245 |
| Original List Price | Unknown |
| Date Updated | January 29, 2025 |
| Date Created | June 19, 2024 |
Listing Provided By
Dawn Varallo an agent of . Lic #3342468
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Data last updated: February 19, 2025.
Robert Crawford
REAL ESTATE AGENT