Homes for sale - 6601 RIDGE AVE, Philadelphia, PA 19128

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$5,085,000

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15,864 SqFt

Active

6601 RIDGE AVE Philadelphia, PA 19128

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Mark J. Lawter

marklawter@gmail.com +1(703) 608-9998

UPDATED:

10/23/2024 01:22 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,864 sqft

Price per Sqft $320

Subdivision Roxborough

MLS Listing ID PAPH2412976

Style Other

Abv Grd Liv Area 15,864

Originating Board BRIGHT

Year Built 2022

Annual Tax Amount $1,914

Tax Year 2024

Lot Size 2,552 Sqft

Acres 0.06

Lot Dimensions 39.00 x 72.00

Property Description

Welcome to Ridge and Gorgas, a boutique collection of twenty (20) apartments located on the thriving commercial corridor of Ridge Avenue in Roxborough — a neighborhood surging with positive rental growth and demand in Northwest Philadelphia, just outside of the city center. A careful mixture of historically renovated (6605-7 Ridge) and new construction (6601 Ridge + 509-11 Gorgas) properties are included in this stabilized investment 5-building offering. All of the subject properties are clustered at the NE intersection of Ridge and Gorgas, providing exceptional critical mass for operations, management and leasing. Additionally, another set of buildings can be packaged for sale nearby (enquire within for details) totaling fifty (50) units in three (3) more buildings from the same developer. Ridge and Gorgas features a diverse blend of 1bd, 2bd and 3bd apartments. A full 10 year tax abatement through 2031 provides additional investment security. Quartz countertops, stainless steel appliances, contemporary cabinetry and flooring throughout. Private patios for select units and washer/dryer in every unit. The Roxborough neighborhood is currently benefiting from a surging wave of demand as renters seek more spacious, value-oriented accommodations just outside of Philly’s urban core — without sacrificing convenience, connectivity or style standards typically seen in Class-A apartment properties Downtown. 5 contiguous buildings included in the 20-unit breakdown. Buyer responsible to verify SF, taxes in DD.

Location

State PA

County Philadelphia

Area 19128 (19128)

Zoning RM1

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

View City

Accessibility Ramp - Main Level

Garage N

Building

Lot Description Corner

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID 213409802

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Ryan J McManus • Keller Williams Liberty Place

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Mark J. Lawter

+1(703) 608-9998

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6601 RIDGE AVE Philadelphia, PA 19128

Mark J. Lawter

Key Details

Location

Interior

Exterior

Building

Schools

Others

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6601 RIDGE AVE