$ 2,000,000
-
$2,000,000
Price -
0
Bed - Bath
-
13,000
SqFt
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About the Listing 56094 - 3301126
6526 Ridge Ave is a five-unit, turnkey, 7.5% cap rate, income-producing investment opportunity in the highly-desirable Roxborough submarket. The property features 5 total units comprised of a fully-renovated duplex and three ground-up new construction townhomes. Each townhome features 4 Beds + 3.5 Baths, two-car parking, private balconies & roof decks. Set up as a condominium, offering investors a unique opportunity to sell off units individually or maintain as a multi-unit portfolio. Acquire this high-quality, low-maintenance portfolio completed in 2020 with a blend of historic renovation plus ground-up new construction. Approximately five years remain on the full 10-year tax abatement, offering substantial property tax savings. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. As new construction activity in Philadelphia declines, demand is expected to outpace supply, driving further rental growth in the coming years, presenting a unique opportunity for investors to acquire a turnkey, income-producing asset with long-term upside.
Listing Highlights for 6526 Ridge Avenue A
Status
Active
Days on Site
116
Property Type
Commercial Sale
MLS ®
PAPH2483620
Year Built
2020
Total Square Footage
13,000
Lot/Acreage
0.00 x 0.00
County
Philadelphia
Neighborhood
Roxborough
Area
19128 (19128)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 0.00 x 0.00
- Zoning: RTA1
- Roof: Fiberglass
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: Driveway,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,824
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
6526 Ridge Avenue A Philadelphia, PA 19128
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