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1426 Cecil B Moore Avenue

PHILADELPHIA, PA 19121
  • $1,700,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PAPH2286464
$1,700,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1925
County:

School Ratings & Info

Description

Investor Opportunity! This mixed-use building located at Temple University offers significant potential for rental income in a highly desirable area for Temple U faculty and students. With a low real estate tax of $4252 for the year 2023 and a tax exemption of $100,192, this property presents an attractive investment opportunity. Don't miss out on the chance to capitalize on this promising venture! Remodeled in 2016, the property features approximately 1200sf of prime commercial space on the ground floor, currently leased to Mr. Wish, generating $5459/month with a 9-year lease. The second floor consists of a tenant-occupied 4-bedroom apartment generating $2150/month in rental income. Additionally, the third floor features a 4-bedroom apartment generating $2300/month in rental income, with leases ending on 07/25/2024. This property presents an ideal investment opportunity in a rapidly expanding area. Enjoy the convenience of being within walking distance to the main campus, restaurants, shopping, theaters, and excellent transportation connections to downtown Philadelphia. Seize this chance to capitalize on the thriving potential of this location!

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-29T23:51:40.2.
www.paulacashion.com/homes/144317562
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1426 Cecil B Moore Avenue PHILADELPHIA, PA 19121

  • Price: $1,700,000
  • Status: Active
  • On Site: 48 Days
  • ID#: PAPH2286464
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1925
Built
Neighborhood:
19121 (19121)
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Investor Opportunity! This mixed-use building located at Temple University offers significant potential for rental income in a highly desirable area for Temple U faculty and students. With a low real estate tax of $4252 for the year 2023 and a tax exemption of $100,192, this property presents an attractive investment opportunity. Don't miss out on the chance to capitalize on this promising venture! Remodeled in 2016, the property features approximately 1200sf of prime commercial space on the ground floor, currently leased to Mr. Wish, generating $5459/month with a 9-year lease. The second floor consists of a tenant-occupied 4-bedroom apartment generating $2150/month in rental income. Additionally, the third floor features a 4-bedroom apartment generating $2300/month in rental income, with leases ending on 07/25/2024. This property presents an ideal investment opportunity in a rapidly expanding area. Enjoy the convenience of being within walking distance to the main campus, restaurants, shopping, theaters, and excellent transportation connections to downtown Philadelphia. Seize this chance to capitalize on the thriving potential of this location!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3600.00 Cooling Central A/C Heating Central90% Forced Air Heating YN Yes Net Square Feet 3600.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2023 Business Type Apartment BuildingRestaurant/BarMedical Central Air YN Yes Cooling Fuel Electric Foundation Details Brick/Mortar Heating Fuel Natural GasElectric Hot Water ElectricNatural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802663884328 Ownership Interest Fee Simple Possession 120-180 Days Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4252.00 Tax Assessment Amount 303808.00 Tax Lot 141 Vacation Rental YN No Water Source Public Zoning Cmx25

Listing courtesy of Philly Real Estate: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | Keller Williams Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-11-29T23:51:40.2.
 
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Paula Cashion | Keller Williams Central Delaware
1671 S. State Street
Dover DE, 19901