Active
6526 Ridge Ave
Philadelphia PA, 19128
$2,790,000
$214.62 per sqft
Active
5 Beds
13,000 sqft
Residential
Built in 2020
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. Enquire within for financials.
PAPH2307968
MLSⓇ ID
January 2, 2024
Listed
February 21, 2025
Updated
Interior Features
Bedrooms
5
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Corner Lot
Architectural Style
Contemporary
Roof
Fiberglass
Sewer
Public Sewer
School Information
School District
PHILADELPHIA CITY
Other Property Details
Area Name
PHILADELPHIA
Taxes
$1,738
Tax Frequency
Annually
Days on Market
8
Garage
Yes
Garage Spaces
3
Parking
Attached
Parking Total
6
View
Yes
View Description
City
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Compass Pennsylvania, LLC
Listing Contact: 6106061095
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Data last updated on 2/21/2025 at 12:36 AM UTC