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1533-5 Ridge Ave , Philadelphia, PA 19130

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1533-5 Ridge Ave , Philadelphia, PA 19130
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Now available, for sale: "The Maven" in Philadelphia, Pennsylvania. This boutique, 29-unit new construction apartment building represents one of the most attractive turnkey multifamily acquisition opportunities in the marketplace, located within steps of the Septa Broad Street subway. The Property is over 80% leased (actively in lease-up) with a full 10 year tax abatement and minimal operating expenditures. The Maven contains 25,600+ SF and is exceptionally located on a vibrant commercial corridor (Ridge Avenue) in a rapidly maturing urban core submarket (Francisville), which is poised for continuous rent growth and asset appreciation. $507k+ pro forma NOI. One (1) commercial space; Four (4) studios; Nineteen (19) 1-bedrooms; Five (5) 2-bedrooms. Incredible redbrick curb appeal and carefully designed, luxurious interiors. Elevator and common rooftop terrace with sweeping skyline vistas. Masterfully constructed by TCG. 10 year tax abatement.

$9,600,000.00

Estimated Monthly Payment: $39,465.49 (including taxes & insurance estimates)

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Property Details

City: PhiladelphiaProperty Type: Multi Unit - Multiple
Lot Size: 0.15 AcresSchool District: THE SCHOOL DISTRICT OF PHILADELPHIA
Taxes: $0Status: ACTIVE
Square Feet: 25600Year Built: 2022
MLS#: PAPH2175338 

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Property Features

Property Type: Multi Unit - MultipleMunicipality: PHILADELPHIA
Additional Structures: Above GradeOne Bedroom Units: 19
Cooling: Wall Unit, Central A/CSewer: Public Sewer
Days on Market: 31Structure Type: Detached
Exterior: BrickStudio Efficiency Units: 4
Fuel Type: ElectricTaxes: $0
Heating: Wall Unit, CentralTwo Bedroom Units: 5
Home Style: ContemporaryUnits: 4
Lot Dimensions: 0.15 Acre(S)Water: Public
Lot Size: 0.15 AcresYear Built: 2022

School Information

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Listed By

Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2673805813

Shown By

Agency Title: RE/MAX Realty Select
Agency Phone: 717-526-4300

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