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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by Ryan McManus • Keller Williams Liberty Place

$4,925,000

Est. payment - /mo

16,250 SqFt

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Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,250 sqft

Price per Sqft $303

Subdivision Francisville

MLS Listing ID PAPH2490130

Style Other

Abv Grd Liv Area 16,250

Year Built 2022

Annual Tax Amount $4,728

Tax Year 2024

Lot Size 3,990 Sqft

Acres 0.09

Lot Dimensions 52.00 x 76.00

Property Sub-Type Other

Source BRIGHT

Property Description

Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania — the top destination in the world to visit in 2026. 7% PRO FORMA CAP. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 10yr tax abatement (expiring 2032), minimal OPEX and ±15% rental upside based on market comps. These designer apartments are professionally built (2022 vintage) with an even mixture of seven (7) 1bd units and seven (7) 2bd units atop ground floor commercial space—FULLY LEASED. Anchored on a highly visible block in Francisville (19130), this superior multifamily asset commands attention within the renter pool with its exquisite curb appeal and luxury interiors. The panoramic rooftop terrace provides unparalleled city skyline views. Easy access into Fairmount, Center City, Museums District, North Broad District + more — a completely accessible location — walkable to all of the world-class urban attractions Philadelphia has to offer. Enquire within for pro forma financials and building plans.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Natural Gas

Exterior

Water Access N

View City

Roof Type Tile

Accessibility Elevator

Garage N

Private Pool No

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 16250

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881443730

Ownership Fee Simple

SqFt Source 16250

Security Features Exterior Cameras

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA, 22102

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1723 RIDGE AVE Philadelphia, PA 19130