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Jennifer Grosskopf

jengrosskopf@gmail.com +1(215) 498-4010

$ 525,000

Est. payment -/mo

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1617 CECIL B MOORE AVE Philadelphia, PA 19121

1,764 Sqft Lot

UPDATED:

08/25/2024 11:42 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2334106

Originating Board BRIGHT

Year Built 2009

Annual Tax Amount $5,128

Tax Year 2024

Lot Size 1,764 Sqft

Acres 0.04

Lot Dimensions 18.00 x 98.00

Property Description

Incredible investment opportunity . This location has been trending up for many years. The property consists of 1 commercial space and 2 residential apartments. The commercial space is a long standing barber shop and the current rent is $1800 per month. The 2nd floor unit has just been updated and a tenant has been secured for $1800 per month. The 3rd floor unit has a long term tenant and rent is $1200 per month but is well below market rent. Both residential units are in great shape and have 3 bedrooms and a full kitchen and living room. At the current price the cap rate is over 9%.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX25

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Flooring Hardwood, Tile/Brick

Heat Source Electric

Exterior

Utilities Available Above Ground, Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Rubber

Accessibility 2+ Access Exits

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871572900

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Private, Seller Financing

Listing Terms Cash, Conventional, Private, Seller Financing

Financing Cash,Conventional,Private,Seller Financing

Special Listing Condition Standard

Listed by Daniel J. Maneely • Liberty Bell Real Estate & Property Management

Jennifer Grosskopf

Agent | RSRS299355

+1(215) 498-4010

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Jennifer Grosskopf

Jennifer Grosskopf

1617 CECIL B MOORE AVE Philadelphia, PA 19121

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1617 CECIL B MOORE AVE