$5,085,000
Active
63 Days Online
0 Beds0 Baths0 SQFT
Active

6601 Ridge Avenue Philadelphia, PA 19128

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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.

  • Property TypeMulti-Family
  • NeighborhoodRoxborough
  • CountyPhiladelphia
  • Taxes$1,914
  • HOA/Condo/Coop Fees$0
  • Days on Site63 Days
  • MLS StatusActive
  • MLS ID NumberPAPH2382514
  • Home Size Source Estimated
  • Year Built2022
  • Lot Size0.06 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction StoneBrick
  • Parking Driveway
  • Sewer Public Sewer
  • Number of Stories 3
  • Acreage 0.06
  • Water Public
  • Cross Street GORGAS
  • Property Sub Type Multi Family
  • Attached Garage No
  • Foundation Concrete Perimeter
  • Zoning RM1

Interior Features

  • Cooling Central A/ CElectric
  • Heating CentralElectric
  • Flooring Luxury Vinyl Plank

Exterior Features

  • View City
  • Spa No
  • Waterfront Property No
  • Lot Corner

Community Features

  • MLS Area 19128 (19128)

Schools

School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$25,552
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