1. Pennsylvania
2. Philadelphia
3. 1602 RIDGE AVE

1602 RIDGE AVE, Philadelphia, PA 19130

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: •

Listing Status:

Active

Listing Office:

Compass Pennsylvania, LLC : 2674358015

Listing Agent:

Zahra Saeed : 2672701551

MLS ID:

PAPH2534924

Interior

• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Construction

• General: Masonry

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX25871088100

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Zahra Saeed, Compass Pennsylvania, LLC