$2,349,000
Coming Soon

6526 RIDGE AVENUE #A

Philadelphia, PA 19128
13000 sqft | #PAPH2483620
Listing OfficeSelect Commercial Advisors
Office Phone
Office Email
Structure:Unit
Zone:Commercial

Description

6526 Manayunk is a five-unit, turnkey, income-producing investment opportunity in the highly-desirable Roxborough submarket, featuring 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.

  • Property Details
      • Property SubtypeFive Or More Units
      • Sewer InformationPublic Sewer
      • MLS #PAPH2483620
      • MLS #PAPH2483620
      • SubdivisionROXBOROUGH
      • Property ConditionExcellent
      • Square Feet13000.00
      • Cost2349000
      • Lot DescriptionCorner
      • Utility SourcePublic
      • Taxes Annual$1,824
      • FoundationOther
      • ViewCity
      • Year Built2020

Location

Tom Governale | Keller WilliamsReal Estate Group
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