Views
Listed By:
Compass Pennsylvania, LLC
Address
6526 Ridge Avenue, Philadelphia, PA
Price
$ 2,790,000
Property Attributes
  • MLS#PAPH2307968
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19128
  • Zip19128
  • StyleContemporary
  • Year Built2020
  • Taxes$ 1738
  • Price$ 2,790,000
  • Bedrooms12
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Data Source:
Bright MLS
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 submarketoffering 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 immediatelyfeaturing two of the most resilient asset classessingle family rental + multifamily. Enquire within for financials.

Price History
12/28/2023 Listed $2,790,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Roof Fiberglass
Zoning RTA1
Garage Spaces 3.00
Pool Y/N No Pool
Architectural Style Contemporary
Construction Materials Brick
School District PHILADELPHIA CITY
Year Built 2020
View City
Property SubType Other
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade,Below Grade
Total Units 4
MLS Area 19128 (19128)
Lot Size Square Feet 6400.00
Waterfront Y/N No
Tax Annual Amount 1738.0
Property Condition Excellent
Two Bedroom 1
Structure Type End of Row/Townhouse
One Bedroom Units Count 1
Price Per Sq Ft 214.62
Rent Control Y/N No
Vacation Rental Y/N No
Days on Market 24
Location Type Urban
Tax Lot 50
School District 802785881492

Interior Features

Heating Fuel Natural Gas
Basement Other
Hot Water Electric
Furnished Units None
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N Yes
Three Bedroom Units Count 3

Exterior Features

Lot Features Corner
Water Source Public
Total Parking Spaces 6
Garage Features Garage - Front Entry
Type of Parking Attached Garage,Driveway
Foundation Details Other
Water View Y/N No
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.15
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No
# of Attached Garage Spaces 3

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19128

Price
AVG $840K
$2.79M
Taxes
AVG $3,702
$1,738
Visits
AVG 96
118
Data Provided by Inside Real Estate®
Year Built
AVG 1929
2020

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