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6526 Ridge Ave

Philadelphia PA 19128

3
2644 sq. ft.
6534 sq. ft.
Duplex
Currently for sale - view listing

Overview

6526 Ridge Ave 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. Can be purchased separately or together. ($495,000 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 $2,100,000 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.

Features

3 bedrooms
2644 sq. ft. floor area
6534 sq. ft. lot size
Duplex

Happy sellers in Philadelphia

67%
67% 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 9 reviews in Philadelphia over the last 12 months.

Local market activity for 3 bedroom duplexes in Philadelphia

In the last 12 months, 4 three-bedroom duplexes similar to 6526 Ridge Ave, have been sold.

This represents a 96% increase in three-bedroom duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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