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1640 Ridge Avenue
Philadelphia, PA 19130
Asking Price
$1.15M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Fairmount Development Opportunity | Mixed-Use <ul><li>Fully Approved & Entitled Mixed-Use Development Opportunity</li><li>Shovel-Ready Site with Immediate Construction Potential</li><li>Prime Fairmount Location on the Ridge Avenue Growth Corridor</li><li>Projected End Value Approaching $5 Million</li><li>Strong Demand from Professionals, Healthcare Workers & Graduate Students</li><li>Easy Access to Center City, University City & the Art Museum District</li><li>Rare Opportunity in a Supply-Constrained Development Market</li><li>Walka
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NOI
$80,000
Cap Rate
6.96%
DSCR
1.17
Tight
Cash-on-Cash
3.40%
Monthly Payment
$5,689.573
Annual Cash Flow
$11,725.13
