1533-5 Ridge Avenue

Philadelphia, PA 19130

$9,600,000
Price
Beds
25,600 Sq. Ft.
$375 / Sq. Ft.
25,600
Sq. Ft.
$375
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Ryan McManus

    Ryan McManus

    Listing Agent

    Compass

Property Details for 1533-5 Ridge Avenue

Tax ID Number
NO TAX RECORD
Ownership
Fee Simple
Structure Type
Detached
Style
Contemporary
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes

Location

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LISTING UPDATED: 11/01/2022 11:41 AM

Property Details for 1533-5 Ridge Avenue

StatusActive
MLS #PAPH2175338
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2022
Lot Size0.15 AC / 6,328 SF
CountyPhiladelphia County

Location

Add your commute

Building Information for 1533-5 Ridge Avenue

Stories-Residences4Year Built2022Building Size-Lot Size0.15 AC / 6,328 SF

Payment Calculator

$48,492 per month

30 year fixed, 6.49% Interest

Principal and Interest

$48,492

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1533-5 Ridge Avenue

Location
    Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19130 (19130)
Waterfront / Water Access
    Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
    Association / Community Info
  • Type of Condo
Taxes and Assessment
    Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $0
  • Zoning: CMX2.5-NEIGHBORHOOD COMME
  • Automatically Update Tax Values Y/N: No
Unit Information
    Unit Information
  • Single Room Units Count: 4
  • One Bedroom Units Count: 19
  • Two Bedroom Units Count: 5
  • Three Bedroom Units Count: 0
Building Info
Lot / Land Information
    Lot / Land Information
  • Lot Size Source: Estimated
Parking
    Parking
  • Type Of Parking: On Street
Interior Features
    Interior Features
  • Accessibility Features: None
Exterior Features
    Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
    Utilities
  • Heating: Yes
  • Cooling Type: Wall Unit, Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Wall Unit, Central
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 1533-5 Ridge Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1533-5 Ridge Avenue

This home is within Philadelphia City School District.
RatingSchoolTypeGradesDistance
Public - PK to 8
Public - PK to 8
Public - 5 to 7
Public - 6 to 12
RatingSchoolDistance
Stanton Edwin M School
PublicPK to 8

Waring Laura W School
PublicPK to 8

Science Leadership Academy Middle School
Public5 to 7

Penn Treaty Middle School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1533-5 Ridge Avenue is a multi-family home for sale in Philadelphia, PA 19130. This property was listed for sale on November 1, 2022 by Compass at $9,600,000. This listing's school district is Philadelphia City School District. Nearby schools include Stanton Edwin M School, Waring Laura W School and Science Leadership Academy Middle School. 1533-5 Ridge Avenue is a 0-bed, 0-bath, 25,600 sqft multi-family home built in 2022.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.