SOLD
Agent PHL Sells 1519 Ridge Avenue Multifamily In Philadelphia For $6.7M
1519 Ridge Avenue
MultiFamily
Sold 20 days ago
Summary
Sale
PENNSYLVANIA
MultiFamily
The property at 1519 Ridge Avenue in Philadelphia, Pennsylvania, is a 19-unit multifamily investment property that was sold for $6,700,000. The per-unit price for this asset was $352,632.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 1519 Ridge Avenue
- Market: Philadelphia
Ryan McManus from Agent PHL, representing The Seller, and Sean Kelly from KBC Advisors were the brokers involved in the sale of the property at 1519 Ridge Avenue. This transaction reflects the resurgent investment market in Philadelphia in Q224, particularly in neighborhoods like Francisville, driven by growing rental demand and favorable market conditions.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: 04/10/2024
ADDRESS: 1519 Ridge Avenue
MARKET: Philadelphia, Pennsylvania
ASSET TYPE: Multifamily
BROKERS: Ryan McManus - Agent PHL - Compass; Sean Kelly - KBC Advisors
SALE PRICE: $6,700,000
UNITS: 19 ~ PPU: $352,632
NOTE: Agent PHL, representing The Seller, has announced the sale of 1519 Ridge Avenue in Philadelphia, Pennsylvania, a 19-unit multifamily investment property. The sale, brokered by Ryan McManus of Agent PHL and Sean Kelly of KBC Advisors, reflects the city's resurgent investment market in Q224, particularly in neighborhoods like Francisville, amid growing rental demand and favorable market conditions.View on map
Loading...
Address1519 Ridge Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want