Bought with Stephen D. Stafford • Keller Williams Philly
$1,050,000
$1,095,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
1547 RIDGE AVE Philadelphia, PA 19130
4,500 SqFt
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $233
MLS Listing ID PAPH728822
Sold Date 09/02/19
Style Other
HOA Y/N N
Abv Grd Liv Area 3,600
Originating Board BRIGHT
Year Built 2018
Annual Tax Amount $977
Tax Year 2020
Lot Size 1,131 Sqft
Acres 0.03
Lot Dimensions 19.88 x 60.49
Property Sub-Type Triplex
Property Description
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!
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX2.
Rooms
Basement Fully Finished
Interior
Interior Features Breakfast Area, Floor Plan - Open, Intercom, Primary Bath(s), Recessed Lighting, Sprinkler System, Upgraded Countertops, Walk-in Closet(s), Window Treatments
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Vinyl
Equipment 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
Window Features Energy Efficient,Insulated,Screens
Appliance 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
Heat Source Natural Gas
Exterior
Exterior Feature Deck(s), Patio(s)
Water Access N
Roof Type Fiberglass
Accessibility None
Porch Deck(s), Patio(s)
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 885147620
Ownership Fee Simple
SqFt Source Assessor
Security Features Intercom,Carbon Monoxide Detector(s),Exterior Cameras,Fire Detection System,Main Entrance Lock,Smoke Detector,Sprinkler System - Indoor
Special Listing Condition Standard
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