Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.
Presented By: BHHS Fox & Roach-Art Museum
Interior Features for 1604 Ridge Avenue
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 1604 Ridge Avenue
AccessibilityNone
Architectural StyleStraight Thru
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C, Ductless/Mini-Split
CountyPHILADELPHIA
DirectionsPlease Us GPS
Garage Y/NNo
Heating90% Forced Air
Lot Size Square Feet1466.00
Lot Size UnitsSquare Feet
MLS Area19130 (19130)
ModificationTimestamp2025-03-17T12:52:56
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG254.92
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
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