$2,650,000
6526 RIDGE AVE Philadelphia, PA 19128
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$2,650,000
Est. payment /mo
12,990 SqFt
UPDATED:
09/24/2024 12:28 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 12,990 sqft
Price per Sqft $204
Subdivision Roxborough
MLS Listing ID PAPH2383988
Originating Board BRIGHT
Year Built 2021
Annual Tax Amount $1,746
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Description
Strong cash flow coupled with substantial rental upside awaits @ 6526 Ridge Avenue in Roxborough — a five (5) unit, fully-leased hybrid development optimally situated atop NW PHL with a full 10 year tax abatement and 100% occupancy. Included in the offering are three (3) newly built 4bd x 3.5ba townhomes (along Delmar St) with garage + driveway parking (2-car parking each), balconies and rooftop terraces. Also included is a historic, vintage duplex repurposed with many of the same modern fittings and finishes seen in the townhomes, situated on a prime corner lot in the coveted Roxborough submarket—offering the perfect blend of city and suburban lifestyles. The duplex facing Ridge Avenue includes two (2) bi-level apartments— a 1bd x 1ba unit and a 2bd x 1.5ba unit. The Property is offered well below replacement costs and is set up as a condominium so the future owner can subdivide each property and profitably sell off assets individually if desired, as an alternative exit strategy. The area is known for extreme demand from both homeowners and renters alike, and is walkable to a bevy of amenities and natural areas like Gorgas Park, Wissahickon Valley Park and Fairmount Park. Easy access into downtown Philly and University City, as well as the regional suburban employment centers. Tons of amenities, shops, restaurants and cafes are within walking distance along Ridge Avenue, the neighborhood's prime commercial corridor. This prime Philadelphia real estate offering is available immediately—featuring two of the most resilient asset classes—single family rental + multifamily.
Location
State PA
County Philadelphia
Area 19128 (19128)
Zoning RTA1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 888212236
Ownership Condominium
Special Listing Condition Standard
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Listed by Ryan J McManus • Keller Williams Liberty Place