1602 Ridge Avenue Philadelphia, PA 19130
Listing Courtesy of: BRIGHT IDX / Coldwell Banker Realty / Matthew Greene

  1602 Ridge Avenue Philadelphia, PA 19130

Active (80 Days)
$1,199,000

Description

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!

MLS #:
PAPH2318900
Taxes
$4,102(2022)
Lot Size
1,277 SQFT
Type
Multifamily
Year Built
2024
Style
Traditional, Contemporary
School District
Philadelphia City
County
Philadelphia County

Listed By

Matthew Greene, Coldwell Banker Realty
Source
BRIGHT IDX
Last checked Apr 24 2024 at 4:25 PM GMT+0000
Bathroom Details
Interior Features
  • Dishwasher
  • Disposal
  • Refrigerator
  • Combination Kitchen/Dining
  • Recessed Lighting
  • Double/Dual Staircase
  • Combination Dining/Living
  • Built-In Range
  • Stainless Steel Appliances
  • Walls/Ceilings: 9'+ Ceilings
  • Stall Shower
  • Floor Plan - Open
  • Water Heater
  • Kitchen - Island
  • Built-In Microwave
  • Breakfast Area
Subdivision
  • Fairmount
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • 90% Forced Air
  • Central A/C
Basement Information
  • Fully Finished
Flooring
  • Hardwood
  • Heavy Duty
Exterior Features
  • Stone
  • Stick Built
  • Brick Front
  • Roof: Fiberglass
Utility Information
  • Utilities: Electric Available
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Living Area
  • 5,750 sqft
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/24/24 09:25