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Map
$2,790,000
●
Townhouse -
For Sale
6526 RIDGE AVE
PHILADELPHIA, PA 19128
Studio
0 Bath
$13,700
Estimated Monthly
$0
HOA / Fees
About This Property
Strong cash flow coupled with substantial rental upside awaits @
6526 Ridge Avenue in Roxborough - a five (5) unit, fully-leased
hybrid development optimally situated atop NW PHL with a full 10
year tax abatement and 100% occupancy. Included in the offering are
three (3) newly built 4bd x 3.5ba townhomes (along Delmar St) with
garage + driveway parking (2-car parking each), balconies and
rooftop terraces. Also included is a historic, vintage duplex
repurposed with many of the same modern fittings and finishes seen
in the townhomes, situated on a prime corner lot in the coveted
Roxborough submarket-offering the perfect blend of city and
suburban lifestyles. The duplex facing Ridge Avenue includes two
(2) bi-level apartments- a 1bd x 1ba unit and a 2bd x 1.5ba unit.
The Property is offered well below replacement costs and is set up
as a condominium so the future owner can subdivide each property
and profitably sell off assets individually if desired, as an
alternative exit strategy. The area is known for extreme demand
from both homeowners and renters alike, and is walkable to a bevy
of amenities and natural areas like Gorgas Park, Wissahickon Valley
Park and Fairmount Park. Easy access into downtown Philly and
University City, as well as the regional suburban employment
centers. Tons of amenities, shops, restaurants and cafes are within
walking distance along Ridge Avenue, the neighborhood's prime
commercial corridor. This prime Philadelphia real estate offering
is available immediately-featuring two of the most resilient asset
classes-single family rental + multifamily. Enquire within for
financials.
Unit Size
-
Days on Market
118 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
-
HOA Dues
-
Year Built
1925
Listed By
Last updated: 4 months ago (Bright MLS #PAPH2307968)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 2, 2024 | Listed by Compass RE | $2,790,000 | |
Listed by Compass RE |
Property Highlights
Air Conditioning
Garage
With View
Parking Details
Has Garage
Garage Features: Garage - Front Entry
Parking Features: Attached Garage, Driveway
Attached Garage Spaces: 3
Garage Spaces: 3
Total Garage and Parking Spaces: 6
Interior Details
Interior Information
Living Area Square Feet Source: Estimated
Basement Information
Has Basement
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Estimated
Building Information
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Roof: Fiberglass
Structure Type: End of Row/Townhouse
Construction Materials: Brick
Pool Information
No Pool
Lot Information
Corner
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Lot Size Source: Estimated
Land Information
Land Assessed Value: $124,200
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $784
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $124,200
Tax Year: 2022
Tax Annual Amount: $1,738
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Central
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Sold
House
4
Beds
8
Baths
6,664 ft²
$341/ft²
$2,273,000
Jun 29, 2020
$2,273,000
Sep 25, 2020
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/02/2019
|
|
4 Bed
|
4 Bath
|
2645 ft²
|
$649,000
4 Bed
4 Bath
2645 ft²
|
-
-
|
-
|
-
|
Building Info
6526 Ridge Avenue
6526 Ridge Avenue, Philadelphia, PA 19128
- 1 Unit for Sale