For sale
  • Price cut: $54K (8/13)
    $495,000

    6526 Ridge Ave, Philadelphia, PA 19128

    3beds
    --baths
    2,644sqft
    : 
    Duplex
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $187/sqft
    $-- HOA

    What's special

    Bi-level apartments
    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.
    150 days
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    636
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    33
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