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6526 Ridge Ave
For Sale $2,650,000
$2,650,000
- 5 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,650,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2021 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 888212236 |
| MLS # | PAPH2383988 |
| Property ID | 293757900 |
| Lot Sqft | Unknown |
| Zoning | RTA1 |
| Total Units | 5 |
| Days on Market | 112 |
| Original List Price | Unknown |
| Date Updated | September 24, 2024 |
| Date Created | August 05, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ryan J McManus an agent of Keller Williams Realty - Ocean City. Lic #RS316262
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Data last updated: November 25, 2024.
Robert Crawford
REAL ESTATE AGENT