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6601 Ridge Ave
For Sale $5,085,000 ($320.54 per Sq Ft)
$5,085,000 ($320.54 per Sq Ft)
- 4 Units
- 15,864 Sq Ft
- 2,552 Sq Ft
- Unknown Cap Rate
Description
Welcome to Ridge and Gorgas, a boutique collection of twenty (20) apartments located on the thriving commercial corridor of Ridge Avenue in Roxborough — a neighborhood surging with positive rental growth and demand in Northwest Philadelphia, just outside of the city center. A careful mixture of historically renovated (6605-7 Ridge) and new construction (6601 Ridge + 509-11 Gorgas) properties are included in this stabilized investment 5-building offering. All of the subject properties are clustered at the NE intersection of Ridge and Gorgas, providing exceptional critical mass for operations, management and leasing. Additionally, another set of buildings can be packaged for sale nearby (enquire within for details) totaling fifty (50) units in three (3) more buildings from the same developer. Ridge and Gorgas features a diverse blend of 1bd, 2bd and 3bd apartments. A full 10 year tax abatement through 2031 provides additional investment security. Quartz countertops, stainless steel appliances, contemporary cabinetry and flooring throughout. Private patios for select units and washer/dryer in every unit. The Roxborough neighborhood is currently benefiting from a surging wave of demand as renters seek more spacious, value-oriented accommodations just outside of Philly’s urban core — without sacrificing convenience, connectivity or style standards typically seen in Class-A apartment properties Downtown. 5 contiguous buildings included in the 20-unit breakdown. Buyer responsible to verify SF, taxes in DD.
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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 | $5,085,000 |
| Property Type | Other |
| Usable Sqft | 15,864 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2022 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 213409802 |
| MLS # | PAPH2412976 |
| Property ID | 320976687 |
| Lot Sqft | 2,552 |
| Zoning | RM1 |
| Total Units | 4 |
| Days on Market | 32 |
| Original List Price | Unknown |
| Date Updated | October 23, 2024 |
| Date Created | October 21, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ryan J McManus an agent of Keller Williams Liberty Place. Lic #RS316262
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Data last updated: November 22, 2024.
Robert Crawford
REAL ESTATE AGENT