1607 RIDGE AVENUE Overview
- Time on Site:
- 56 days
- Visits:
- 0
Investor Alert & High-Yield Turn-Key Airbnb Investment with Tax Abatement! Exceptional mixed-use investment opportunity in the rapidly growing Francisville section of Philadelphia. This well-maintained 2021 construction features 7 fully self-contained residential units (4×1BR/1BA, 2×2BR/1BA, 1×2BR/2BA), each equipped with a full kitchen and full bathroom, plus 1 ground-floor commercial space, currently leased to a stable fitness tenant at $2,000/month with strong renewal potential. The residential units are currently operated as a licensed short-term rental, generating approximately $20,000/month in gross income, providing immediate and proven cash flow for the next owner. All units are fully furnished and professionally maintained, allowing for seamless transition and continued operation. Property benefits from a 10-year tax abatement beginning in 2026, significantly reducing operating expenses and enhancing long-term returns. Zoned CMX-2.5, offering flexible mixed-use potential in a high-demand rental and development corridor. This is a rare opportunity to acquire a stabilized, income-producing asset with both short-term rental upside and long-term appreciation potential. Ideal for investors seeking strong cash flow, 1031 exchange replacement, or portfolio expansion in one of Philadelphia's fastest-growing neighborhoods. Financials and short-term rental performance data available upon request. Buyer to verify all uses and income.
1607 RIDGE AVENUE Facts & Features
- Type Commercial
- Lot 0.05 Acres
Details
General
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Year Built: 2021
Business Information
- Business Type: Professional
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19130 (19130)
Parking Information
- Total Parking Spaces: 0
- Type of Parking: On Street
Tax Information
- City/Town Tax: 942.00
- City/Town Tax Payment Frequency: Annually
- County Tax Payment Frequency: Annually
- School Tax: 1199.00
- Tax Annual Amount: $2,142.00
- Tax Assessed Value: 153030.00
- Tax Year: 2025
General Information
- Property Sub Type: Five Or More Units
- Property Type: Commercial Sale
- School District Name: PHILADELPHIA CITY
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2026
- Zoning: CMX25
Interior
Building Information
- Cooling Fuel: Electric
- Heating Fuel: Central
- Total Drive In Doors: 0
Parking Information
- Garage: No
Building Interior
- Building Area Source: Assessor
- Central Air: Yes
- Hot Water: Electric
General Information
- Accessibility Features: 2+ Access Exits
- Cooling: Central A/C
Exterior
Building Information
- Total Loading Docks: 0
Lot Information
- Lot Dimensions Source: Assessor
- Lot Size Dimensions: 33.00 x 71.00
- Lot Size Source: Assessor
- Lot Size Square Feet: 2123.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Masonry, Mixed
General Information
- Sewer: Public Sewer
- Water Access: No
1607 RIDGE AVENUE Neighborhood
Community
19130 (PHILADELPHIA) Demographics
1607 RIDGE AVENUE Monthly Cost
1607 RIDGE AVENUE Market Data
Based on the last 30 days in this zip code
1607 RIDGE AVENUE History
| Date | Value | Agent |
|---|---|---|
| 5/4/2026Source: BRIGHT MLS | May 04, 2026 |
Contact Information: [email protected] - 2675343595