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USAPAPhiladelphiaRoxborough6526 Ridge Ave
6526 Ridge Ave, Home with 0 bedrooms, 0 bathrooms and null parking in PHILADELPHIA PA | Image 1
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$549,000

6526 Ridge Ave, Philadelphia, PA

Real Estate

For Sale

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  • Key Facts
  • Description
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Key Facts

Type Duplex
Levels Residential Income
Size 2644 sqft
Garage No
Taxes $1,824
Days Active 0
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $207
MLS® Number PAPH2485176

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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Transit Score®
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Bike Score®
MLS® NumberPAPH2485176
Laundry Level
Central VacNo
FireplaceNo
Acreage0.15
Exterior
GarageNo
Approx. Age1925
BasementFull
DrivewayOn Street
Garage Spaces
HeatCentral, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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