1ST DEGREE Realty, LLC
Gary DeGree Sr, 1ST DEGREE Realty, LLCPhone: (856) 625-7242
Email: [email protected]
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listing
1 of 11
CommercialFor Sale
$5,085,000
6601 Ridge Avenue
Philadelphia, PA 19128
Listed by: Keller Williams Liberty Place, 6093995454
MLS: Bright MLS
15,864Sq Ft
Est. Mortgage
$26,348/mo

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.

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This data is up-to-date as of 11/07/2024 09:59 PM. Listing provided by Ryan J McManus of Keller Williams Liberty Place.
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