1604 Ridge Avenue

Description

Nestled in the vibrant Francisville/Fairmount area, this triplex with storefront provides a world of investment possibilities. Zoned CMX2.5 and located just 2 blocks west of North Broad Street, 1604 Ridge Avenue weighs in at just under 3000 SQ FT.The first floor of the property features a commercial space just under 1000 sq ft which currently operates as a hair salon. At the rear of the salon is a very small flight of steps which opens to a bonus area containing a bathroom and kitchenette. A rear yard and basement are also accessible from the 1st floor space.A separate external entrance leads you to a stairway which takes you up to a 2nd floor bonus space currently used as storage. This extra space can be used as additional leasable space for the first floor tenant or as second bedroom expansion option for the 2nd floor tenant.The renovated unit on the second has trendy decor and stainless steel appliances. It also has a private laundry area and water heater. The 3rd floor unit is also newly renovated and has chic blue kitchen cabinetry, stainless steel appliances and a private laundry area including a separate water heater.This property is within walking distance of The Met Philadelphia, Divine Lorraine Hotel, restaurants like South Jazz Kitchen, Osteria, Clementine's Stable Cafe and numerous options on Fairmount Avenue. It is also close to Aldi, the Grocery Outlet and Whole Food markets. Don't miss this amazing investment opportunity in a prime location!