6526 Ridge ave - Apartments FOR SALE


Philadelphia, PA 19128- Manayunk
$2,100,000 USD
215-315-3326
6526 Ridge ave, Philadelphia, PA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/74
null | 7.1% Cap Rate

6526 Ridge ave
Philadelphia, PA 19128
Manayunk


OVERVIEW

6526 Ridge Ave is a five-unit, turnkey, 7.1% cap rate, income-producing investment opportunity in the highly-desirable Roxborough submarket. The property features 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.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

5

PRICE/UNIT

$420,000

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,434 SF

ZONING

RTA1

APN/PARCEL ID

888212234

ASK ABOUT THIS PROPERTY

Samantha MillerSelect Commercial AdvisorsMore Info
215-315-3326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Samantha MillerSelect Commercial AdvisorsMore Info
215-315-3326

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.