Skip To Content

2601 Cecil B Moore Avenue

PHILADELPHIA, PA 19121
  • $575,000
  • STATUS: Active
  • ON SITE: 109 Days
  • ID#: PAPH2008126
UPDATED: 83 min ago
$575,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:

School Ratings & Info

Description

Big Price Reduction !!! Highly motivated sellers ready to get a deal done. Opportunity Zone!!This is a 3,780 square foot mixed use property. Currently zoned for a 4 Unit with commercial space on 1st floor. Part of the zoning does allow the sale of pre packaged foods as well. Currently the commercial space is used by the owner as a Barbershop but will be delivered vacant for the buyer. There are 4 units upstairs, 3 units are occupied with rent paying tenant and 1 unit is vacant. Rent roll is as followsCommercial- $2000 (based on market rent in the area)Unit 1- 1 Bed 1 Bath $725Unit 2- 1 Bed 1 Bath $725Unit 3- 2 Bed 1 Bath $825 Unit 4- 1 Bed 1 Bath $625Total- $4900 a month- $58,800 a year Cap Rate of 9.7%Rent is currently under fair market, so there is potential to raise 1 bed to $780 and 2 bed to $950. The owner has made sure to make all repairs over the years and it has been taken care of very well. Roof was recently sealed and hallways painted as well. 1st floor barbershop was recently renovated with new flooring & paint. This are is very hot and this property is ready to sell. All tenants are on month to month leases.

Monthly Payment Calculator



©2021 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 Sail Lake Realty. 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: 2021-10-25T23:50:01.627.
www.saillakerealty.com/homes/119087070
Print Image

2601 Cecil B Moore Avenue PHILADELPHIA, PA 19121

  • Price: $575,000
  • Status: Active
  • Updated: 83 min ago
  • ID#: PAPH2008126
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1915
Built
Neighborhood:
Brewerytown
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Big Price Reduction !!! Highly motivated sellers ready to get a deal done. Opportunity Zone!!This is a 3,780 square foot mixed use property. Currently zoned for a 4 Unit with commercial space on 1st floor. Part of the zoning does allow the sale of pre packaged foods as well. Currently the commercial space is used by the owner as a Barbershop but will be delivered vacant for the buyer. There are 4 units upstairs, 3 units are occupied with rent paying tenant and 1 unit is vacant. Rent roll is as followsCommercial- $2000 (based on market rent in the area)Unit 1- 1 Bed 1 Bath $725Unit 2- 1 Bed 1 Bath $725Unit 3- 2 Bed 1 Bath $825 Unit 4- 1 Bed 1 Bath $625Total- $4900 a month- $58,800 a year Cap Rate of 9.7%Rent is currently under fair market, so there is potential to raise 1 bed to $780 and 2 bed to $950. The owner has made sure to make all repairs over the years and it has been taken care of very well. Roof was recently sealed and hallways painted as well. 1st floor barbershop was recently renovated with new flooring & paint. This are is very hot and this property is ready to sell. All tenants are on month to month leases.
Exterior Features

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

Interior Features

Building Area Total 3780.00 Cooling Window Unit(S) Flooring Laminated Heating Wall Unit Heating YN Yes Net Square Feet 3780.00

Property Features

Acceptable Financing CashConventionalPrivate Accessibility Features 36"+ Wide Halls32"+ Wide Doors2+ Access Exits Annual Gross Expense 8400.00 Assessment Year 2021 Association YN No Business Type Hair Salon And SpaApartment Building Central Air YN No Cooling Fuel Electric Foundation Details Concrete Perimeter Gross Income 58800.00 Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N Net Operating Income 55860.00 New Construction YN No Number Of Units Total 6 Operating Expense 8400.00 Operating Expense Includes ElectricHeating/CoolingRepair/MaintenanceTrashWater Original MLSNumber 800834379566 Owner Pays Common Area MaintenanceSnow RemovalTaxes - Real EstateOther Ownership Interest Fee Simple Possession Subject To Existing Lease0-30 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Septic Tax Annual Amount 2380.00 Tax Assessment Amount 170000.00 Tax Lot 59 Total Actual Rent 58800.00 Transportation Bus Stop Less Than 1 MileCommuter Rail Station Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Cmx1 Zoning Description Commerical With 4 Residential Units

Listing courtesy of Keller Williams Philadelphia.


©2021 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 Sail Lake Realty. 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: 2021-10-25T23:50:01.627.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_800834379566-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_800834379566-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_2_800834379566-2.jpg
Logo
Sail Lake Realty
620 South White Horse Pike
Hammonton NJ, 08037