1. Pennsylvania
2. Philadelphia
3. 6526 RIDGE AVENUE

6526 RIDGE AVENUE, Philadelphia, PA 19128

• 2,644 sqft

Property Description

6526 Manayunk 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. ($549,000 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 $2,349,000 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.

Listing Status:

Active

Date Added:

May 21, 2025 at 05:00AM

Listing Office:

Select Commercial Advisors : 2153153326

Listing Agent:

Samantha Lee Miller : 2153153326

MLS ID:

PAPH2485176

Interior

• Basement: Full
• A/C: Central A/C
• Heating: YCentralNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Samantha Lee Miller, Select Commercial Advisors