Maison Ridge Apartments – Phoenixville

76 Ridge Avenue; Phoenixville, PA 19460







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Property Details

  • Price-
  • Property TypeMulti Unit Housing
  • NeighborhoodChester County
  • Number of Units16
  • Lot Size0.36 acres
  • Price/Unit-
  • Price/Bedroom-
  • Year Built1965

Investment Highlights

  • 100% Occupied  
  • Complete Building Renovation in 2015: New Kitchens, Baths, Electrical Service, Roof and Windows
  • Luxury Finishes in All Units: Stainless Steel Appliance Package, Oak Hardwood Floors and Quartz Countertops
  • In-Place Rents Below Market: Opportunity to Increase Rents 5% to 7% in Year 1
  • Washer & Dryer In Each Unit
  • Eco-Friendly Improvements: Water Efficient Niagara Shower Heads and Toilets and Energy Efficient PTAC Units
  • Median Household Income: $84,295± within Five-Mile Radius of Property

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Maison Ridge Apartments, a 16 unit building located in the highly sought after submarket of Chester County, Pennsylvania. Situated in the southwest corner of the Borough of Phoenixville, this property is Phoenixville’s best kept secret having recently undergone a transformative renovation. Recent capital improvements to the property include: new windows with lifetime guarantee; 30 year asphalt shingle roof with gutters and downspouts; new entry doors; and common area carpet. The entire electrical system was replaced which includes a new transformer installed at the property providing 1,600 AMP electric service to the building. Updates to the interior of the units include new kitchens with quartz countertops and stainless steel appliances as well as oak hardwood floors and ceiling fans throughout.

Property Status

NOTE: This property is no longer available.



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