1547 Ridge Ave

Estimated Monthly Payment: $5,075/mo 1547 Ridge Ave, Philadelphia, PA 19130 MLS# PAPH728822 Multi-Family Listing Status: Sold
Ryan Stawasz Keller Williams Realty Ryan Stawasz Logo 215-760-6291 mobile: 215-760-6291 Download Our Mobile App Contact Me
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REMARKS:

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!

OVERVIEW:

Multi-Family
Over Storefront
Sold
9/2/2019
BRIGHT
Other
2018
0.03
1131
Fiberglass
Above Grade, Below Grade
Central
Natural Gas
Central A/C
Public
Public Sewer

FEATURES:

Exterior Lighting, Bump-outs, Sidewalks
Breakfast Area, Floor Plan - Open, Intercom, Master Bath(s), Recessed Lighting, Sprinkler System, Upgraded Countertops, Walk-in Closet(s), Window Treatments
No Pool
Built-In Microwave, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Exhaust Fan, Icemaker, Intercom, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Water Dispenser, Washer/Dryer Stacked, Water Heater
Intercom, Carbon Monoxide Detector(s), Exterior Cameras, Fire Detection System, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
Energy Efficient, Insulated, Screens
Vinyl

ROOM INFO:

Fully Finished

SCHOOLS:

THE SCHOOL DISTRICT OF PHILADELPHIA

FINANCIAL:

1095000
977

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Keller Williams Philly

 

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