$ 1,150,000
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$1,150,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing COMPASS1 - 3133900
Turn-Key Investment in the Heart of Fairmount An incredible opportunity to own a fully leased new construction property in one of Philadelphia’s fastest-growing neighborhoods. Offering more than $103,000 in projected net annual income and a strong 8.75% cap rate, this is a true plug-and-play investment. The building’s modern exterior sets the tone with its distinctive stonework, crisp white brick, and elegant wrought-iron balconies. The street-level commercial suite spans two floors, with dramatic 12-foot ceilings on the main level and an additional lower level with 8-foot ceilings — ideal for long-term tenant use. Above the commercial space are well-appointed one-bedroom apartments, each thoughtfully laid out with approx. 730 sq. ft. of stylish living space. Features include: •
Listing Highlights for 1602 Ridge Ave
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
PAPH2534924
Year Built
1920
Total Square Footage
0
Lot/Acreage
0.03
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 71.00
- Zoning: CMX25
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,832
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Listing Location
Questions About..
1602 Ridge Ave Philadelphia, PA 19130
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