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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.
| DAYS ON MARKET | 110 | LAST UPDATED | 8/6/2024 |
|---|---|---|---|
| TRACT | ROXBOROUGH | YEAR BUILT | 2021 |
| COMMUNITY | 19128 (19128) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19128 (19128) |
| CONSTRUCTION | Brick, Stone |
| HEAT | Central, Natural Gas |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| SUBDIVISION | ROXBOROUGH |
| TAXES | 1746 |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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