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61626 Ridge Avenue

Philadelphia PA 19128

12
12600 sq. ft.
6547 sq. ft.
Other
Currently for sale - view listing

Overview

Supremely located, cash flowing, 12-unit asset in the Roxborough neighborhood of Northwest Philly. Two (2) commercial spaces (national medical chain and local favorite culinary destination) and ten (10) apartments on a commanding corner intersection along the Ridge Avenue thriving commercial corridor. Ideal for 1031 exchange. This boutique multifamily offering represents one of the most prime properties available for sale in the Philadelphia real estate market. Rents are approximately 15% below market; new ownership can capture loss-to-lease without performing any renovation/capital upgrades. 6.37% pro forma cap rate. Blue-chip investment. Amenities abound @ Ridge and Krams ? breweries, pocket parks, cafes, restaurants and shops line the avenue for miles in this "city suburban" beloved location. Ten (10) apartments atop two (2) essential ground floor retail businesses with long term leases provides commercial cash flow certainty and residential rental recapture upside.

Features

12 bedrooms
12600 sq. ft. floor area
6547 sq. ft. lot size
Other

Happy sellers in Philadelphia

63%
63% of sellers in Philadelphia reported that their sale price either exceeded or met their price expectations.

Philadelphia stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 8 reviews in Philadelphia over the last 12 months.

Local market activity for 12 bedroom other properties in Philadelphia

In the last 12 months, 1 numeral.12-bedroom other similar to 61626 Ridge Avenue, have been sold.

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