6601 RIDGE AVE Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19128
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
Year Built 2022
Annual Tax Amount $1,914
Tax Year 2024
Lot Size 2,552 Sqft
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
Exterior
Waterfront N
Water Access N
View City
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Special Listing Condition Standard