1602 Ridge Avenue
Philadelphia, PA 19130

  • – beds
  • – baths
  • 5,750 sqft
  • 1,277 sqft lot
  • $208 per sqft
  • 2024 build

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!

BRIGHT MLS logo Listing courtesy of BRIGHT / Coldwell Banker Realty

Last checked: Checking… • Last updated Apr 6, 2024 •

MLS# PAPH2318900 —

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Sale history

Date Event Source Price % Change
2/6/24
Listed / Active BRIGHT $1,199,000

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Listing provided by broker:

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Coldwell Banker Realty

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This multifamily located in Central, Philadelphia, PA 19130 is currently for sale for $1,199,000. 1602 Ridge Avenue is a 5,750 square foot multifamily with – beds and – baths. 1602 Ridge Avenue is in the Central neighborhood of Philadelphia and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of Laura W. Waring School and Benjamin Franklin High School.

BRIGHT MLS logo Listing Courtesy of: BRIGHT and Coldwell Banker Realty.

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