1604 Ridge Avenue, Philadelphia, PA 19130-2116 $739,000

# of Units: 3
Interior Sq. Ft: 2,899
Acreage: 0.03
Age:105 years
Taxes: $5,463
MLS#: PAPH2368412
Design/Type:
Interior Row/Townhouse

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.

Taxes: $5,463
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
90% Forced Air, Natural Gas, Central A/C, Ductless/Mini-Split, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
On Street

Exterior
Block Foundation, Concrete Perimeter Foundation, Masonry

Contact Information

Listing Courtesy of: BHHS Fox & Roach-Art Museum , (215) 763-2100

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Listing data as of 3/16/2025.