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PRIME ON RIDGE-17 Units-Francisville Turnkey 1723 Ridge Ave 15 Unit Apartment Building $6,904,505 CAD ($460,300 CAD/Unit) 7.11% Cap Rate Philadelphia, PA 19130
Investment Highlights
- PRIME LOCATION ON RIDGE AVENUE
- 10 YEAR TAX ABATEMENT
- BOUTIQUE APARTMENT BUILDING
- COVETED 19130 SUBMARKET
- TURNKEY NEW CONSTRUCTION MULTIFAMILY
- TOP 10 USA MSA
Executive Summary
Prime on Ridge presents a turnkey 15-unit investment opportunity along the bustling Ridge Avenue corridor in Philadelphia, Pennsylvania — the top destination in the world to visit in 2026. 7% PRO FORMA CAP. Acquire this —16,250 SF, 5-storey, boutique luxury apartment building in a Top-10 USA MSA for rent-growth with the benefit of a FULL 10yr tax abatement (expiring 2032), minimal OPEX and ±15% rental upside based on market comps. These designer apartments are professionally built (2022 vintage) with an even mixture of seven (7) 1bd units and seven (7) 2bd units atop ground floor commercial space—FULLY LEASED. Anchored on a highly visible block in Francisville (19130), this superior multifamily asset commands attention within the renter pool with its exquisite curb appeal and luxury interiors. The panoramic rooftop terrace provides unparalleled city skyline views. Easy access into Fairmount, Center City, Museums District, North Broad District + more — a completely accessible location — walkable to all of the world-class urban attractions Philadelphia has to offer. Enquire within for pro forma financials and building plans.
Property Facts
| Price | $6,904,505 CAD | Building Class | B |
| Price Per Unit | $460,300 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 16,250 SF |
| Cap Rate | 7.11% | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | CMX-2.5 - Pedestrian-friendly retail and service uses in commercial areas. It promotes active, mixed-use environments with a focus on walkability | ||
| Price | $6,904,505 CAD |
| Price Per Unit | $460,300 CAD |
| Sale Type | Investment |
| Cap Rate | 7.11% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 16,250 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2021 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2.5 - Pedestrian-friendly retail and service uses in commercial areas. It promotes active, mixed-use environments with a focus on walkability |
Amenities
Site Amenities
- Elevator
- Public Transportation
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 881443730 | Improvements Assessment | $4,320,823 CAD |
| Land Assessment | $480,091 CAD | Total Assessment | $4,800,915 CAD |
Property Taxes
Parcel Number
881443730
Land Assessment
$480,091 CAD
Improvements Assessment
$4,320,823 CAD
Total Assessment
$4,800,915 CAD
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PRIME ON RIDGE-17 Units-Francisville Turnkey | 1723 Ridge Ave
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