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$2,349,000

Added 27 days ago

A - 6526 Ridge Ave, Philadelphia, PA

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,349,000

Added 27 days ago

00-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $1,824
Days Active 26
Approx. Age 2020
MLS® Number PAPH2483620

Property Address: A - 6526 Ridge Ave, PHILADELPHIA, Pennsylvania

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

Description

6526 Manayunk is a five-unit, turnkey, income-producing investment opportunity in the highly-desirable Roxborough submarket, featuring 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.
MLS® NumberPAPH2483620
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2020
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

A - 6526 Ridge Ave, Philadelphia, PA

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