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Map
$1,604,867*
●
Multifamily -
Off Market
1547 RIDGE AVENUE
PHILADELPHIA, PA 19130
Studio
0 Bath
4500 Sqft
$986,000 - $1,204,000
Reference Base Price*
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Welcome to 1547 Ridge Ave in the heart of Francisville~s booming
commercial corridor. Built and developed by one of the
neighborhoods leading developers, The Stamm Development Group. This
4,500 sq ft, 20 ft wide, four story new construction property
features NET OPERATING INCOME of approximately $72,000, with
roughly 9 years left on the tax abatement, a ground floor and
basement commercial unit, and two residential units, with the
potential to condo and sell separately in the future, this property
is a must see! This commercial mixed use building has standpipes, a
commercial sprinkler system, french drains, sump pump, Pella
windows, Cat 6 wiring, Cameras, an Aiphone entry system, and a 2.5
foot easement on the right side of the building making trash
storage easy. The first floor commercial unit is currently occupied
on a 5 year NNN lease bringing in $2000/month plus $200/month in
cost sharing through the NNN. It has access to a fully finished
basement and private backyard. The bi level residential units on
floors two through four, feature marble backsplashes, quartz
waterfall countertops, 42 Inch Milan Shale Cabinetry, upgraded GE
stainless steel appliances with gas cooking, central air/heat,
white slatted Woodland blinds, Nest Thermostats, scratch resistant
vinyl plank flooring, 7~ video monitors, 9-10 ft ceilings, marble
vanities in the bathrooms, and custom closet systems in every
bedroom. No expenses were spared! Unit 1 is a 2 bedroom, 2.5
bathroom currently being rented at $2000/month. Unit 2 features
sweeping views of Center City from a private roof deck, as well as
2 bedrooms, 2.5 bathrooms presently rented at $2318/month. Lease
for Unit 2 expires 6/30/2021. Don~t miss your opportunity to get in
at the ground level of this developing corridor! Reach out for a
private showing today!
The manager has listed the unit size as 4500 square feet.
The manager has listed the unit size as 4500 square feet.
Unit Size
4,500Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$243
Property Type
Multifamily
Property Taxes
$977
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 26, 2019 | No longer available | - | |
No longer available | |||
Sep 18, 2019 | Sold | $1,050,000 | |
Sold | |||
Jul 10, 2019 | Price Decreased |
$1,095,000
↓ $50K
(4.4%)
|
|
Price Decreased | |||
Apr 19, 2019 | Price Decreased |
$1,145,000
↓ $50K
(4.2%)
|
|
Price Decreased | |||
Mar 22, 2019 | Listed | $1,195,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
Townhouse
4
Beds
4
Baths
4,300 ft²
$255/ft²
$1,095,000
Mar 14, 2016
$1,095,000
May 27, 2016
-
Sold
Townhouse
4
Beds
4
Baths
4,300 ft²
$231/ft²
$995,000
May 15, 2015
$995,000
Jul 22, 2015
-
Townhouse
5
Beds
4
Baths
4,110 ft²
$302/ft²
$1,240,000
Jul 31, 2023
$1,240,000
Oct 27, 2023
$150/mo
Sold
Townhouse
4
Beds
5
Baths
4,389 ft²
$273/ft²
$1,200,000
Aug 2, 2016
$1,200,000
Sep 19, 2016
-
Townhouse
4
Beds
6
Baths
3,684 ft²
$292/ft²
$1,075,000
Oct 22, 2019
$1,075,000
Dec 9, 2019
-
Sold
Townhouse
3
Beds
4
Baths
3,600 ft²
$292/ft²
$1,050,000
Apr 19, 2019
$1,050,000
Aug 29, 2019
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/22/2019
|
|
Studio
|
-
|
4500 ft²
|
$1,195,000
Studio
-
4500 ft²
|
$1,050,000
-12.13%
09/18/2019
|
-
|
Ryan Stawasz
|