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$9,600,000
37 Days Online

1533-5 Ridge Ave Philadelphia, Pa
Philadelphia, PA 19130

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
2022
Built
County:
Philadelphia

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1533-5 Ridge Ave Philadelphia, Pa1533-5 Ridge Ave Philadelphia, Pa1533-5 Ridge Ave Philadelphia, Pa1533-5 Ridge Ave Philadelphia, Pa
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Now available, for sale: "The Maven" in Philadelphia, Pennsylvania. This boutique, 29-unit new construction apartment building represents one of the most attractive turnkey multifamily acquisition opportunities in the marketplace, located within steps of the Septa Broad Street subway. The Property is over 80% leased (actively in lease-up) with a full 10 year tax abatement and minimal operating expenditures. The Maven contains 25,600+ SF and is exceptionally located on a vibrant commercial corridor (Ridge Avenue) in a rapidly maturing urban core submarket (Francisville), which is poised for continuous rent growth and asset appreciation. $507k+ pro forma NOI. One (1) commercial space; Four (4) studios; Nineteen (19) 1-bedrooms; Five (5) 2-bedrooms. Incredible redbrick curb appeal and carefully designed, luxurious interiors. Elevator and common rooftop terrace with sweeping skyline vistas. Masterfully constructed by TCG. 10 year tax abatement.

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Listing Snapshot
Price 
$9,600,000
Days Online 
37 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.15 Acres
Year Built 
2022
MLS Number 
PAPH2174592
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
20 hours agoListing updated with changes from the MLS
a month agoStatus changed to Active
a month agoPrice changed to $9,600,000
a month agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Construction Materials 
Brick
Zoning 
CMX2.5-NEIGHBORHOOD COMME
Interior Features
Heating 
Wall UnitCentral
Cooling 
Wall UnitCentral A/C
Central Air 
Yes
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Community Features
Accessibility Features 
None
Listing courtesy of Compass Pennsylvania, LLC (267) 380-5813

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The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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