2308 Cecil B Moore Avenue, Philadelphia PA 19121 (Off Market)

For Sale, USD 449,000


2308 Cecil B Moore Avenue, Philadelphia PA 19121,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 3,012 ft² / 280 m²

Land Size : N/A

Bedroom : 5

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Seller retiring!!! Excellent investment opportunity with neighboring property 2310 Cecil B. Moore also for sale. This mixed-use building features four total units: a recently renovated first-floor commercial space with central A/C and basement (formerly a laundromat) , and three one-bedroom apartments, with the last vacant unit expected to be rented by September, easy to show before then. An interested party is currently in talks to lease the commercial space. Most residential units have been updated and are currently rented below market; with HVAC added, each unit could command $1,000+ in rent. With low taxes, low insurance, and landlord-paid water, tax and insurance only, low maintenance. The building offers strong cash flow potential. At full occupancy, the projected cap rate exceeds 10%. Rent roll available upon request.
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2308 Cecil B Moore Avenue, Philadelphia PA 19121, United States,Pennsylvania,Philadelphia is a 3,012ft² Philadelphia luxury Multi-Family Home listed for sale USD 449,000. This high end Philadelphia Multi-Family Home is comprised of 5 bedrooms and 0 baths. Find more luxury properties in Philadelphia or search for luxury properties for sale in Philadelphia.