2002 Cecil B Moore Ave, Philadelphia, PA 19121
- $825,000
- 5,083
- SqFt
- List Price
- $825,000
- Days on Market
- 148
- Status
- PENDING
- MLS#
- PAPH2591594
- Living Area
- 5,083
- Lot Size (Acres)
- 0.04
- Style
- Traditional
- Year Built
- 1915
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
Fully Renovated 4-Unit Investment with Tax Abatement Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center. The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $62,115, translating to a 7.53% cap rate, along with a DSCR of 1.42 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold. Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
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Additional Information
- Area
- 19121 (19121)
- Taxes
- $1946.63
- School District
- Philadelphia City
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of SDG Management, LLC. Contact: 6093354016