We are proud to present 1805 Ridge Avenue. This new construction 6 unit multifamily (5 residential and 1 commercial space) building. Being offer at a 6.6% cap rate. It comes with an approved FULL 10 YEAR TAX ABATMENT and 1 year builder warranty. Featuring a first floor commercial space, (1) studio apartment, (2) two bedroom, two full bathroom full floor apartments, and (2) two bedroom, two and a half bathroom bi-level apartments, each with a private roof deck. Each apartment is finished with high-end quality finishes to attract and retain tenants. Located in the heart of Francisville, 4 blocks from The Divine Lorraine, short walk to public transportation (SEPTA Girard/Broad St Station), The Met Philadelphia, along with coffee shops and restaurants. The Francisville neighborhood is popular among renters due to its close proximity to Center City and Temple University and all the amenities that are walkable (supermarkets, coffee shops and restaurants, public transportation, entertainment venues and fitness studios). Reach out for more details and info, including pro forma.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th September, 2023 11:54 PM (UTC)