• 1602 Ridge Avenue PHILADELPHIA, PA 19130

  • $1,199,000
  • 0
    Bed(s)
  • 0
    Baths
  • 2,704
    Sq Ft
  • 1277
    Sqft

Extraordinary investment opportunity in booming Fairmount! Ground-up new construction, over $103,000 in projected net annual income, solid 8.75% cap rate. Estimated June 2024 completion. Stunning curb appeal with custom corrugated stone, white brick, Parisian wrought-iron Juliette balconies. Ground-floor bi-level commercial space features 12’ main-level ceilings and 8’ below-grade. Luxury 1-bedroom apartments offer 730 square feet of brilliantly designed living space with exceptional storage and magnificent natural light. Wide-plank white-oak flooring, expansive living/dining areas, fabulous kitchens with elegant quartz waterfall-edge surfaces, 9’ islands with breakfast bar seating for 4, dual-tone custom cabinetry with custom brushed gold hardware, Carrera marble backsplashes with gold inlay, oversized farmhouse sinks, Samsung stainless appliance packages, designer chandeliers. French doors open to custom Juliette balconies. Luxury bathrooms with double-bowl floating vanities, roomy walk-in showers with herringboned tile, chic wallpaper. Large walk-in laundry rooms, spacious bedrooms with outstanding closet space and superb light. Sprawling community roof deck with breathtaking skyline views. Premium location less than 3 blocks to Fairmount Avenue. Architectural plans available. 100% turn-key! Incredible opportunity!

Property Type :

Multi-Family

Subdivision :

Fairmount

County :

PHILADELPHIA

Style :

Multi-Family

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Property Details

 

Water/Sewer

Water Source : Public

Room Information

Patio/Porch Features: Balcony,Deck(s),Roof

Interior Features

Breakfast Area,Combination Dining/Living,Combination Kitchen/Dining,Double/Dual Staircase,Floor Plan - Open,Kitchen - Island,Recessed Lighting,Stall Shower

Roof : Fiberglass

Exterior Property Features : Exterior Lighting

Basement Description: Fully Finished

Property Appliances: Built-In Microwave,Built-In Range,Dishwasher,Disposal,Refrigerator,Stainless Steel Appliances,Water Heater

Roofing Information

Fiberglass

Heating & Cooling

Cooling: Central A/C

Heating: 90% Forced Air

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Building Information

Exterior Features: Exterior Lighting

Year Built: 2024

Structure: Interior Row/Townhouse

Major Appliances: Built-In Microwave,Built-In Range,Dishwasher,Disposal,Refrigerator,Stainless Steel Appliances,Water Heater

New Construction: No

Total Units: 4

Built: 2024

Construction Material: Stick Built,Stone,Brick Front

Security System: Carbon Monoxide Detector(s)

Roof: Fiberglass

Foundation/Basement: Concrete Perimeter

Architecture: Contemporary,Traditional

Pool/Private: No Pool

Roof Type: Fiberglass

Exterior Features

Utilities: Electric Available

Pool Information

Pool: No Pool

Utility Features

Sewer: Public Sewer

Water

Water Heat: Electric

Lot Information

Lot Size: 1,277

Dimensions: 18.00 x 71.00

Lot Size (Acres): 0.03

Architectural Style: Contemporary,Traditional

Main Square Feet: 1,277

Property Information

SQ ft: 5,750

SQ ft (Living Area): 5,750

Total Lot SQ ft: 1,277

View: City

Subdivision: FAIRMOUNT

Financing: Cash,Conventional

Appx. Lot Dimensions: 18.00 x 71.00

Total Acreage: 0.03

New Construction: No

Type: Contemporary,Traditional

Listing Information

Possession: 120-180 Days,181-365 Days

Days Of Market: 62

Tax Information

Annual Tax: $4,102

Tax Year: 2022

Total Taxes Payment Frequency: Annually

Possession

120-180 Days,181-365 Days

Assessment Information

Taxes Assessment Amount: $293,100

Parking Information

Parking Type: On Street

Has Garage: N

Multi-Unit Information

Acceptable Financing: Cash,Conventional

Roof: Fiberglass

Homeowners Association Information

Direction: Intersection of N 16th Street and Ridge Avenue

School Information

School District: PHILADELPHIA CITY

Utility Information

Electric Available

Water Source: Public

Sewer: Public Sewer

Cooling Fuel: Electric

Heating Fuel: Natural Gas

Hot Water: Electric

Location Information

Direction: Intersection of N 16th Street and Ridge Avenue

Homes around $1,199,000

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
719 N 16th Street , Philadelphia, PA,19130 $1,950,000 -- -- -- 1660 Sqft
2100 Hamilton Street .., Philadelphia, PA,19130 $16,000,000 3 3.5 -- --
2100 Hamilton Street .., Philadelphia, PA,19130 $4,395,000 3 3.5 -- --
1729 Francis Street , Philadelphia, PA,19130 $1,790,000 -- -- -- 1650 Sqft
840 N 19th Street #A, Philadelphia, PA,19130 $575,000 4 2.5 2,565 --
1711 Francis Street , Philadelphia, PA,19130 $508,900 4 2.5 -- 1900 Sqft
1808-12 Wylie Street , Philadelphia, PA,19130 $1,350,000 -- -- 5,600 5600 Sqft
1808-12 Wylie Street , Philadelphia, PA,19130 $1,350,000 -- -- -- 5600 Sqft
1743 Cambridge Street #B, Philadelphia, PA,19130 $425,000 3 3.0 -- --
761-65 N 26th Street , Philadelphia, PA,19130 $2,999,000 3 2.5 3,820 6086 Sqft

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ByOwner last updated this listing 05/11/2024 @ 21:17

MLS: PAPH2318900
LISTED BY: Matthew Greene , Coldwell Banker Realty
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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