1604 Ridge Avenue
$739,000
—
2,899
2,899
$255
Description
Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled...Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.
- Listed by Dawn Varallo • BHHS Fox & Roach-Art MuseumP: (856)-381-7884 dawnvarallo@gmail.com
Property Details for 1604 Ridge Avenue
Tax ID Number
871088150
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleStraight Thru
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirYes
LISTING UPDATED: 12/27/2024 12:42 PM
Property Details for 1604 Ridge Avenue
Status | Active |
---|---|
MLS # | PAPH2368412 |
Days on Market | 205 |
Taxes | $4,437 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1920 |
Lot Size | 0.03 AC / 1,466 SF |
County | Philadelphia County |
Building Information for 1604 Ridge Avenue
Stories-Residences3Year Built1920Building Size-Lot Size0.03 AC / 1,466 SF
Property Information for 1604 Ridge Avenue
Property History for 1604 Ridge Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1604 Ridge Avenue
Taxable ValueLand$78,060Additions$312,240Total$390,300
Tax Record2024$5,463 ($455 / month)
Home Facts
Total Finished SqFt2,899 SqFtAbove Grade Finished SqFt2,899 SqFtStories3Lot Size1,466 SqFtStyleOffice BuildingYear Built1920ZoningCMX2.5CountyPHILADELPHIAAPN87-1-0881-50
Schools near 1604 Ridge Avenue
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Waring Laura W School PublicPK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Franklin LC Public9 to 12 | ||
Masterman Julia R Secondary School Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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