Homes for sale - 6526 RIDGE AVE, Philadelphia, PA 19128

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Matt Marino

[email protected] +1(215) 896-2171

$ 2,650,000

Est. payment -/mo

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6526 RIDGE AVE Philadelphia, PA 19128

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

Waterfront N

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Parking Type Private Garage

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

Listed by Ryan J McManus • Keller Williams Liberty Place

Matt Marino

+1(215) 896-2171

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