1607 RIDGE AVENUE

Overview

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.

Key facts

Features

Feature details are available upon request.