1533-5 RIDGE AVE PHILADELPHIA, PA

PHILADELPHIA, PA, 19130

$9,600,000

$375 per ft²
$9,600,000
$375 per ft²
Active
Active
 - For Sale
carpenters-square
25,600 ft²
property_type
Commercial
calendar
Built 2022
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 90% 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. $5,750,000 assumable loan at 5.40% for qualified borrowers.
MLS® ID:
PAPH2174592
Updated:
3/31/23
Compass RE
Rachel Crowl-McGrath
Mobile: (215) 514-8584Email: rachel@alltheprettyhouses.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Wall Unit, Central A/C
Heating
Wall Unit, Central

Exterior/Building Features

Lot Size
6,328 ft² lot
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19130 (19130)
Taxes
$0.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX2.5-NEIGHBORHOOD COMME
Sub Agency Compensation
0
Buyer Agency Compensation
1.5
Transaction Broker Compensation
0

Courtesy of Compass Pennsylvania, LLC, Ryan McManus

Listing Contact:  

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Data last updated 8:52 AM UTC, 3/31/23

Compass RE
Rachel Crowl-McGrath
Mobile: (215) 514-8584Email: rachel@alltheprettyhouses.com
Contact