PA > Philadelphia > Roxborough
Philadelphia, PA 19128,6526 RIDGE AVE #A
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Philadelphia, PA 19128,6526 RIDGE AVE #A
Philadelphia, PA 19128,6526 RIDGE AVE #A
Philadelphia, PA 19128,6526 RIDGE AVE #A
Philadelphia, PA 19128,6526 RIDGE AVE #A
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Patrick Gorman

Patrick Gorman

+1(609) 707-5024
Listed by Samantha Lee Miller • Select Commercial Advisors
$ 2,000,000
Est. payment /mo
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Active

6526 RIDGE AVE #A Philadelphia, PA 19128

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Roxborough

MLS Listing ID PAPH2483620

Year Built 2020

Available Date 2025-05-21

Annual Tax Amount $1,824

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

6526 Ridge Ave is a five-unit, turnkey, 7.5% cap rate, income-producing investment opportunity in the highly-desirable Roxborough submarket. The property features 5 total units comprised of a fully-renovated duplex and three ground-up new construction townhomes. Each townhome features 4 Beds + 3.5 Baths, two-car parking, private balconies & roof decks. Set up as a condominium, offering investors a unique opportunity to sell off units individually or maintain as a multi-unit portfolio. Acquire this high-quality, low-maintenance portfolio completed in 2020 with a blend of historic renovation plus ground-up new construction. Approximately five years remain on the full 10-year tax abatement, offering substantial property tax savings. Benefit from steady cash flow and strong appreciation potential driven by the rapidly-developing Manayunk-Roxborough. 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

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Total Parking Spaces 6

Garage N

Building

Lot Description Corner

Foundation Other

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 888212234

Ownership Condominium

Special Listing Condition Standard

Bright MLS (BMLS)
Patrick Gorman
Patrick Gorman

Team Leader - Licensed Agent in NJ/PA | License ID: NJ- 0340986 PA - RS375085

+1(609) 707-5024 | patrick.gorman@gormangrouprealtors.com

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6526 RIDGE AVE #A