Buildings can be sold in a package!!! 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.
For sale
Price increase: $1K (8/10)
$450,000
2308 Cecil B Moore Ave, Philadelphia, PA 19121
3beds
4baths
3,012sqft
Est.:
Townhouse
Built in 1920
-- sqft lot
$445,500 Zestimate®
$149/sqft
$-- HOA
What's special
One-bedroom apartments
- 72 days |
- 93 |
- 7 |
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