Investments Sales Management

Contemporary

6526 RIDGE AVENUE

PHILADELPHIA , PA 19128

MLS#: PAPH2485176

$495,000

Status: Active
Listing number: PAPH2485176
Listing provided by: Select Commercial Advisors
Listing agent phone: None
Last update: 16 days ago
Browse Properties
ROXBOROUGH - Residential Income

Property

Beds

3

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

2,644

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.

Features & Amenities

Interior

  • Total Bedrooms

    3

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2644.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Contemporary

Price

  • Sales Price

    $495,000

  • Tax Amount

    1824.0

  • Sq. Footage

    2, 644

  • Price/SqFt

    $187

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    50

  • Water Source

    Public

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Listing Courtesy of Samantha Lee Miller , Select Commercial Advisors

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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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.

6526 RIDGE AVENUE

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