1600 Ridge Ave, Philadelphia, PA 19130

Investors, take notice! This 2023 new-construction 4-unit property offers the best of both worlds: the benefits of newer construction, time-tested over the past three years, plus approximately six years remaining on the full 10-year tax abatement. Double your economic benefit by being in a Qualified Opportunity Zone (QOF)! The property includes a commercial first-floor and basement space leased to a convenience store for $3,000/month plus a $100/month flat water fee through December 2031, along with three spacious 2-bedroom, 2-bath residential apartments currently rented for $2,200, $2,250, and $2,350 per month. Designed with privacy and flexibility in mind, each residential unit features bedrooms positioned on opposite sides of the apartment, making the layout ideal for platonic roommates, couples, families with children or frequent guests, or those who work from home. The primary bedroom, with an ensuite bath, is located on the Ridge Avenue side, while the second bedroom and hall...