1607 RIDGE AVE, Philadelphia, PA 19130
1607 RIDGE AVE, Philadelphia, PA 19130
1607 RIDGE AVE, Philadelphia, PA 19130
1607 RIDGE AVE, Philadelphia, PA 19130
1607 RIDGE AVE, Philadelphia, PA 19130
1607 RIDGE AVE, Philadelphia, PA 19130
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
Listed by Nicky xu • BY Real Estate
$ 2,680,000
Est. payment | /mo

2,123 Sqft Lot

Save
$ 2,680,000
Est. payment | /mo
Save

2,123 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2610382

Year Built 2021

Annual Tax Amount $2,142

Tax Year 2025

Lot Size 2,123 Sqft

Acres 0.05

Lot Dimensions 33.00 x 71.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning CMX25

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Central

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881000645

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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1607 RIDGE AVE

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