PA > Philadelphia > Roxborough
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
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Nigel James

Nigel James

+1(302) 354-4420
Listed by Samantha Lee Miller • Select Commercial Advisors
$ 549,000
Est. payment | /mo

2,644 SqFt

Save
$ 549,000
Est. payment | /mo
Save

2,644 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,644 sqft

Price per Sqft $207

Subdivision Roxborough

MLS Listing ID PAPH2485176

Style Contemporary

Abv Grd Liv Area 2,644

Year Built 1925

Annual Tax Amount $1,824

Tax Year 2024

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

6526 Manayunk 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. ($549,000 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 $2,349,000 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.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RTA1

Rooms

Basement Full

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

View City

Accessibility None

Garage N

Building

Lot Description Corner

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 888212234

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)

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agent
Nigel James

+1(302) 354-4420

210 Sandra Rd, Willmington, Delaware, 19803, United States

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6526 RIDGE AVE