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Marjorie Dick Stuart

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1604 Ridge Ave, PHILADELPHIA, PA – $739,000

  • $739k Price
  • 2,899 Sqft
  • .03 Acres
  • 219 DOM
  • $739k Price
  • 2,899 Sqft
  • .03 Acres
  • 219 DOM

1604 Ridge Ave

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.

Essential Information

  • MLS® #PAPH2368412
  • Price$739,000
  • Bathrooms0.00
  • Square Footage2,899
  • Acres0.03
  • Year Built1920
  • TypeMulti-Family
  • StyleStraight Thru
  • StatusActive

Sub-Type

Interior Row/Townhouse, Triplex

Community Information

  • Address1604 Ridge Ave
  • Area19130
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19130

Interior

  • Heating90% Forced Air

Cooling

Central A/C, Ductless/Mini-Split

Exterior

  • FoundationBlock, Concrete Perimeter

School Information

District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

  • Date ListedJune 20th, 2024
  • Days on Market219
  • ZoningCMX25

Listing Details

  • OfficeBHHS Fox & Roach-Art Museum
  • Office Contact(215) 763-2100
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Price Change History for 1604 Ridge Ave, PHILADELPHIA, PA (MLS® #PAPH2368412)

Date Details Price Change
Price Reduced $739,000 $71,000 (8.77%)
Price Reduced $810,000 $115,000 (12.43%)
Price Reduced $925,000 $25,000 (2.63%)
Price Reduced (from $1,100,000) $950,000 $150,000 (13.64%)

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Listing information last updated on January 24th, 2025 at 7:00pm CST.