New Construction Offered at an 8.11% cap rate!!!! We are proud to present 1805 Ridge Avenue. This new construction 6 unit multifamily (5 residential and 1 commercial space) building comes with an approved FULL 10 YEAR TAX ABATMENT (fully abated 100% on the property /building assessment for the entire 10-year period) and 1 year builder warranty. Featuring a first floor commercial space, (1) studio apartment, (2) two bedroom, two full bathroom single floor apartments, and (2) two bedroom, two and a half bathroom bi-level apartments with private roof decks. Each apartment is finished with high-end quality finishes to attract and retain tenants. Located in the heart of Francisville, 4 blocks from The Divine Lorraine, short walk to public transportation (SEPTA Girard/Broad St Station), The Met Philadelphia, along with coffee shops and restaurants. The Fairmount/Francisville neighborhood is popular among renters due to its close proximity to Center City and Temple University and all the amenities that are walkable (supermarkets, coffee shops and restaurants, public transportation, entertainment venues and fitness studios). Reach out for more details and info.
Property Type :
Multi-Family
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/10/2024 @ 11:29
MLS: PAPH2300168
LISTED BY: Haralabos Kiziroglou , Long & Foster Real Estate, Inc.
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.
