Active
6162-6 Ridge Ave
Philadelphia PA, 19128
$3,900,000
$309.52 per sqft
Active
12,600 sqft
Commercial
Built in 2017
Supremely located, cash flowing, 12-unit asset in the Roxborough neighborhood of Northwest Philly. Two (2) commercial spaces (national medical chain and local favorite culinary destination) and ten (10) apartments on a commanding corner intersection along the Ridge Avenue thriving commercial corridor. Ideal for 1031 exchange. This boutique multifamily offering represents one of the most prime properties available for sale in the Philadelphia real estate market. Rents are approximately 15% below market; new ownership can capture loss-to-lease without performing any renovation/capital upgrades. 6.37% pro forma cap rate. Blue-chip investment. Amenities abound @ Ridge and Krams -- breweries, pocket parks, cafes, restaurants and shops line the avenue for miles in this "city suburban" beloved location.
Ten (10) apartments atop two (2) essential ground floor retail businesses with long term leases provides commercial cash flow certainty and residential rental recapture upside.
PAPH2273540
MLSⓇ ID
September 21, 2023
Listed
February 21, 2025
Updated
Interior Features
Total Stories
3
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
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Days on Market
134
Garage
No
Parking
On Street
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 12:35 AM UTC
