$2,150,000
$2,350,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
8,530 SqFt
SOLD DATE : 10/14/2022
Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,530 sqft
Price per Sqft $252
Subdivision East Falls
MLS Listing ID PAPH2138658
Sold Date 10/14/22
Originating Board BRIGHT
Year Built 2022
Annual Tax Amount $285
Tax Year 2022
Lot Size 3,149 Sqft
Acres 0.07
Lot Dimensions 25.00 x 125.00
Property Description
Ridge Park Flats is a turnkey new construction apartment building overlooking Fairmount Park in the bucolic East Falls submarket of Philadelphia, Pennsylvania. Six (6) 2-bedroom units and two (2) 1-bedroom units. Fully-leased, brand new boutique multifamily asset with full 10yr tax abatement in a rapidly growing submarket just outside of downtown Philly with easy connections to the Greater Philadelphia suburbs and employment centers via train or expressway(s). Rental upside and asset appreciation predicted for years to come, as new developments are breaking ground at a furious pace in this highly desirable NW PHL submarket. Ease of operation, low maintenance and minimal expenses. Enquire within for financials.
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
View Park/Greenbelt
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000281
Ownership Fee Simple
SqFt Source Assessor
Security Features Intercom,Exterior Cameras
Special Listing Condition Standard
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Bought with Michael L Brozzetti • Realty Xpress
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "