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Listed by Nicky xu • BY Real Estate
$2,680,000
Est. payment /mo
2,123 Sqft Lot
New
1607 RIDGE AVE Philadelphia, PA 19130
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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.
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
Nearby Locations
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