PA > Philadelphia > Roxborough
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
40
See all 40 photos
Listed by Samantha Lee Miller • Select Commercial Advisors
$495,000
Est. payment /mo
Save
2,644 SqFt
Active

6526 RIDGE AVE Philadelphia, PA 19128

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
20
Oct
Tue
21
Oct
Wed
22
Oct
Michelle McMaster

Michelle McMaster

+1(856) 335-5586

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,644 sqft

Price per Sqft $187

Subdivision Roxborough

MLS Listing ID PAPH2485176

Style Contemporary

Abv Grd Liv Area 2,644

Year Built 1925

Annual Tax Amount $1,824

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

6526 Ridge Ave is an historic duplex fully-renovated in 2020 with two bi-level apartments — a 1bd x 1ba unit and a 2bd x 1.5ba unit. Approximately five years remain on the full 10-year tax abatement, offering substantial property tax savings. The duplex is a part of a condominium consisting of five total units: the fully-renovated duplex (2 units) as well as three (3) ground-up new construction townhomes, all turnkey and income-producing, in the highly-desirable Roxborough submarket. Can be purchased separately or together. ($495,000 list price is for duplex only). The duplex currently generates $37,800 in gross annual rent, with room to boost rents to market rate. Each townhome features 4 Beds + 3.5 Baths, two-car parking, private balconies & roof decks. (Package price $2,100,000 for full five-unit portfolio). The condominium arrangement offers investors a unique opportunity to sell off units individually, or maintain as a multi-unit portfolio. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough submarket. 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.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RTA1

Rooms

Basement Full

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

View City

Accessibility None

Garage N

Building

Lot Description Corner

Foundation Other

Above Ground Finished SqFt 2644

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 888212234

Ownership Fee Simple

SqFt Source 2644

Special Listing Condition Standard

Bright MLS (BMLS)

GET MORE INFORMATION

Michelle McMaster

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Sail Lake Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

6526 RIDGE AVE

Top Areas & Neighborhoods
There are 19 quick searches