1602 Ridge Avenue
1602 Ridge Avenue
$1,199,000
3
3
5,750
5,750
$209
New Construction
Description
Extraordinary investment opportunity in booming Fairmount! Ground-up new construction, over $103,000 in projected net annual income, solid 8.75% cap rate. Estimated June 2024 completion. Stunning curb appeal with custom corrugated stone, white brick, Parisian wrought-iron Juliette balconies. Ground-floor bi-level commercial space features 12’ main-level ceilings and 8’ below-grade. Luxury 1-bedroom apartments offer 730 square feet of brilliantly designed living space with exceptional storage and...Extraordinary investment opportunity in booming Fairmount! Ground-up new construction, over $103,000 in projected net annual income, solid 8.75% cap rate. Estimated June 2024 completion. Stunning curb appeal with custom corrugated stone, white brick, Parisian wrought-iron Juliette balconies. Ground-floor bi-level commercial space features 12’ main-level ceilings and 8’ below-grade. Luxury 1-bedroom apartments offer 730 square feet of brilliantly designed living space with exceptional storage and magnificent natural light. Wide-plank white-oak flooring, expansive living/dining areas, fabulous kitchens with elegant quartz waterfall-edge surfaces, 9’ islands with breakfast bar seating for 4, dual-tone custom cabinetry with custom brushed gold hardware, Carrera marble backsplashes with gold inlay, oversized farmhouse sinks, Samsung stainless appliance packages, designer chandeliers. French doors open to custom Juliette balconies. Luxury bathrooms with double-bowl floating vanities, roomy walk-in showers with herringboned tile, chic wallpaper. Large walk-in laundry rooms, spacious bedrooms with outstanding closet space and superb light. Sprawling community roof deck with breathtaking skyline views. Premium location less than 3 blocks to Fairmount Avenue. Architectural plans available. 100% turn-key! Incredible opportunity!
- Listed by Matthew Greene • Coldwell Banker RealtyP: 2159237600 matt@mattgreene.info
Property Details for 1602 Ridge Avenue
Tax ID Number
871088100
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleContemporary, Traditional
WaterfrontNo
ViewsCity
GarageNo
SubdivisionFAIRMOUNT
Location
LISTING UPDATED: 04/06/2024 10:09 AM
Property Details for 1602 Ridge Avenue
Status | Active |
---|---|
MLS # | PAPH2318900 |
Days on Market | 84 |
Taxes | $4,102 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2024 |
Lot Size | 0.03 AC / 1,277 SF |
County | Philadelphia County |
Location
Building Information for 1602 Ridge Avenue
Stories-Residences4Year Built2024Building Size-Lot Size0.03 AC / 1,277 SF
Payment Calculator
$6,885 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1602 Ridge Avenue
Property History for 1602 Ridge Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1602 Ridge Avenue
Taxable ValueLand$58,620Additions$234,480Total$293,100
Tax Record2023$4,103 ($342 / month)
Home Facts
Total Finished SqFt2,704 SqFtAbove Grade Finished SqFt2,704 SqFtStories3Lot Size1,277 SqFtStyleOffice BuildingYear Built1920ZoningCMX2.5CountyPHILADELPHIAAPN87-1-0881-00
Schools near 1602 Ridge Avenue
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Waring Laura W School PublicPK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Franklin LC Public9 to 12 | ||
Masterman Julia R Secondary School Public5 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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