See Home Value
$1,604,867*
Multifamily - Off Market

1547 RIDGE AVENUE

PHILADELPHIA, PA 19130
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
4 Beds
4 Baths
4,300 ft²
$255/ft²
$1,095,000 Mar 14, 2016
$1,095,000 May 27, 2016
-
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
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
-
Townhouse
3 Beds
4 Baths
3,600 ft²
$292/ft²
$1,050,000 Apr 19, 2019
$1,050,000 Aug 29, 2019
-
Multifamily
Stu
-
-
$1,025,000 Dec 26, 2023
-
-
Multifamily
Stu
-
-
$950,000 Feb 28, 2023
-
-
Multifamily
Stu
-
-
$950,000 Sep 9, 2022
-
-
Townhouse
Stu
-
-
$1,000,000 Dec 7, 2023
-
-
Townhouse
Stu
-
-
$1,199,000 Feb 6, 2024
-
-
Townhouse
Stu
-
-
$1,299,900 Sep 21, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190322
03/22/2019
Studio
-
4500 ft²
$1,195,000
bedrooms
Studio
bathrooms
-
square feet
4500 ft²
$1,050,000 -12.13%
09/18/2019
-
Ryan Stawasz

Building Info

1547 Ridge Avenue 1547 Ridge Avenue, Philadelphia, PA 19130
More about this Building
1547 Ridge Avenue
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About North Philadelphia


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