6601 Ridge Ave, PHILADELPHIA

$5,085,000

0 Beds
0 Baths
15,864 Sqft
.06 Acres
0 Garages

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.

Essential Information
MLS® #PAPH2412976
Price$5,085,000
Bathrooms0.00
Square Footage15,864
Acres0.06
Year Built2022
TypeMulti-Family
Sub-TypeOther, Other
StyleOther
StatusActive
Community Information
Address6601 Ridge Ave
Area19128
SubdivisionROXBOROUGH
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19128
Amenities
ViewCity
Interior
HeatingCentral
CoolingCentral A/C
# of Stories3
Exterior
ExteriorStone, Brick and Siding
Lot DescriptionCorner Lot
FoundationConcrete Perimeter
District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information
ZoningRM1
Listing Details
OfficeKeller Williams Liberty Place
Office Contact6093995454
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Listing information last updated on December 26th, 2024 at 9:15am EST.

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