PA > Philadelphia > Roxborough
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
Philadelphia, PA 19128,6526 RIDGE AVE
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Jim Marks

Jim Marks

+1(610) 705-4014
Listed by Samantha Lee Miller • Select Commercial Advisors
$549,000
Est. payment /mo
2,644 SqFt
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UPDATED:

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

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Bright MLS (BMLS)
agent

Jim Marks

Broker Associate | RSAB068681

+1(610) 705-4014

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