1817-00 CECIL B MOORE AVE Philadelphia, PA 19121
5,108 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,108 sqft
Price per Sqft $166
Subdivision Temple University
MLS Listing ID PAPH2682718
Style Other
Abv Grd Liv Area 5,108
Year Built 2014
Annual Tax Amount $11,898
Tax Year 2027
Lot Size 1,708 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
FIVE APARTMENTS WITH 17 BEDROOMS AND NINE FULL BATHROOMS! The building includes one TWO-BEDROOM, ONE-BATHROOM apartment, one THREE-BEDROOM, TWO-BATHROOM apartment, and THREE FOUR-BEDROOM, TWO-BATHROOM apartments. This varied unit mix offers a range of apartment sizes and substantial bedroom capacity within a single investment property.
The residences feature modern interiors and practical amenities designed for everyday convenience. EVERY APARTMENT FEATURES ITS OWN IN-UNIT WASHER AND DRYER, individual water heater, and dedicated HVAC system providing CENTRAL HEAT AND CENTRAL AIR CONDITIONING. These appliances and systems operate on electricity. Individual heating and cooling systems allow residents to control their own apartment's temperature, while private laundry eliminates the need for shared laundry facilities.
FULLY KEYLESS ACCESS! Coded keypad locks at the main building entrance and each apartment provide convenient entry without physical keys. Security cameras offer additional monitoring of the property, complementing its modern access features.
POTENTIAL TO INCREASE RENTAL INCOME! Based on ownership's estimated average rent of $600 per bedroom across 17 bedrooms, total monthly rental income could reach approximately $10,200, equivalent to $122,400 annually. This represents a potential increase of $2,234 per month, or $26,808 annually, over current rental income. These estimates reflect potential apartment rents calculated using an average per-bedroom amount. Projected rents are subject to market conditions, existing lease terms, and independent verification and are not guaranteed.
With five apartments, modern amenities, individual apartment systems, an advertised 8.28% cap rate, and potential rental upside, 1817 Cecil B. Moore Ave. presents a compelling opportunity for investors seeking to establish or expand a Philadelphia multifamily portfolio.
AT LEAST 24 HOURS' ADVANCE NOTICE IS REQUIRED FOR ALL SHOWINGS. Please coordinate appointments in advance to accommodate residents.
All information, including unit configuration, bedroom and bathroom counts, occupancy, lease terms, current and projected rental income, market rent estimates, expenses, cap rate, construction details, utilities, and property features, must be independently verified by the buyer and buyer's representatives.
One listing agent is related to the owner.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 5108
Sewer Private Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881147833
Ownership Fee Simple
SqFt Source 5108
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES