Active

6526 Ridge Ave

Philadelphia PA, 19128

$2,650,000


$204.00 per sqft

Active

12,990 sqft

Commercial

Built in 2021

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.

PAPH2383988

MLS ID

August 6, 2024

Listed

September 13, 2024

Updated

Map

6526 Ridge Ave
Philadelphia PA, 19128

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Roof

Fiberglass


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$1,746


Tax Frequency

Annually


Days on Market

29


Garage

No


Parking Total

6


View

Yes


View Description

City


County

PHILADELPHIA


Water Source

Public


Pool

No

Listed by Ryan J McManus, Brandon Ribeiro with Keller Williams Liberty Place
Listing Contact: 6106061095 

The IDX display contains information sourced from the Bright MLS, Inc. as of 9/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 9/13/2024 at 10:50 AM UTC

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