2308 Cecil B Moore Ave, Philadelphia, PA 19121
- $425,000
- 2,812
- SqFt
- List Price
- $425,000
- Days on Market
- 75
- Status
- PENDING
- MLS#
- PAPH2617848
- Living Area
- 2,812
- Lot Size (Acres)
- 0.03
- Style
- Straight Thru
- Year Built
- 1920
- County
- Philadelphia
- School District
- Philadelphia City
Property Description
LOW TAX! 2308 Cecil B. Moore Ave is a strong cash-flowing 4-unit mixed-use investment opportunity positioned along the Ridge Ave & Cecil B. Moore corridors and located within a Qualified Opportunity Zone (QOZ). The property consists of three occupied 1BR/1BA residential units above a highly visible street-level commercial space, currently vacant and for owner use or additional income potential. 2310 Cecil B Moore is also for sale. All residential units are currently rented below market with primarily month-to-month leases, offering immediate upside through lease optimization and repositioning. Strong rental demand for 1-bedroom apartments in the area continues to support stable occupancy and predictable operations, whether targeting market-rate tenants or voucher programs. The commercial storefront benefits from excellent street exposure, steady neighborhood traffic, and flexible potential uses. Pro forma projections indicate an estimated 9.5%–10% CAP rate (buyer to verify), supported by the property’s efficient unit mix, rental upside, and mixed-use income potential.
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Additional Information
- Area
- 19121 (19121)
- Subdivision
- Sharswood
- Taxes
- $2943
- School District
- Philadelphia City
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- Window Unit(s)
- Roof
- Flat
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of BHHS Fox & Roach Wayne-Devon. Contact: 6106512700