Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
Philadelphia, PA 19130,1602 RIDGE AVE
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Listed by Zahra Saeed • Compass Pennsylvania, LLC
$ 1,150,000
Est. payment | /mo

2,704 SqFt


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$ 1,150,000
Est. payment | /mo
Save

2,704 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,704 sqft

Price per Sqft $425

MLS Listing ID PAPH2534912

Style Contemporary

Abv Grd Liv Area 2,704

Year Built 1920

Annual Tax Amount $4,832

Tax Year 2025

Lot Size 1,277 Sqft

Acres 0.03

Lot Dimensions 18.00 x 71.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

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:

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2704

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 871088100

Ownership Fee Simple

SqFt Source 2704

Special Listing Condition Standard

Bright MLS (BMLS)

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David Burris
David Burris

Agent | License ID: 1973254

+1(609) 304-4202

513 S Lenola Rd, Moorestown, NJ, 08057, United States

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1602 RIDGE AVE