1533-5 Ridge Ave , Philadelphia, PA 19130

$9,600,000.00
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ACTIVE
BEDS0 BATHS SQUARE FEET25,600 MLS#PAPH2175338
STATUSACTIVE PROPERTY TYPEMulti Unit - Multiple SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA

Property Description

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Wall Unit, Central A/C
Days on Market: 39
Fuel Type: Electric
Heating: Wall Unit, Central
Home Style: Contemporary
Lot Size: 0.15 Acres
Taxes: $0
Year Built: 2022

Feature Descriptions

Additional Structures: Above Grade
Exterior: Brick
Lot Dimensions: 0.15 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 19
Sewer: Public Sewer
Structure Type: Detached
Studio Efficiency Units: 4
Two Bedroom Units: 5
Units: 4
Water: Public

Local Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Listed By / Shown By

Listed By

Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2673805813

Shown By

Agency Title: Realty Mark, LLC
Agency Phone:

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Estimated Payment

$ 43,094.30 per month $40,294.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $2,800.00 Homeowner's Insurance

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