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    2601 Cecil B Moore Avenue

    PHILADELPHIA, PA 19121
    • $649,000
    • STATUS: Active
    • ON SITE: 72 days
    • ID#: PAPH2008126
    $649,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:

    School Ratings & Info

    Description

    Bring all offers!! This large 3780 sq. ft mixed used corner Brewerytown property is ready to sell! This income producing property will generate you $58000 a year. Current tenants on month to month leases. The property features 4 residential units (1 Bed Unit & 2 Bed Unit on 2nd Floor/ 2 One Bed Units on 3rd Floor), Commercial storefront is located on 1st floor and feature 3 separate rooms along with a 1/2 bath. Basement is unfinished and spans the entire length of the property. Each unit is on separate utilities (Gas, Electric, Water). Commercial space is currently occupied by the current owner but will be delivered vacant. Residential units will be occupied with option to keep current tenants or end current month to month after 30 days. Owner took good care of property and made sure any repairs were done as needed. Property was renovated some years ago but could use some updating here and there. Owners are highly motivate to sell so bring all offers!!! Property can be shown any day with 24 hours notice .Rent Roll Breakdown: Unit 1 One BR- $725/ Unit 2 One BR- $725/ Unit 3 Two BR- $825 Unit 4 One BR- $625/ Commercial Unit- Owner Use- $2000 (Owner currently runs a business out of the 1st floor commercial , therefore rent for the commercial unit is based on market value rent in the area of $2000)Total Net Income of property is $4900 a month/ $58,000 Annually Cap Rate 7%

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    ©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 The Lux Living Group | Keller Williams Main Line. 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: 2021-09-18T23:52:54.843.
    www.luxlivinggroup.com/homes/119087070
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    2601 Cecil B Moore Avenue PHILADELPHIA, PA 19121

    • Price: $649,000
    • Status: Active
    • 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
    Bring all offers!! This large 3780 sq. ft mixed used corner Brewerytown property is ready to sell! This income producing property will generate you $58000 a year. Current tenants on month to month leases. The property features 4 residential units (1 Bed Unit & 2 Bed Unit on 2nd Floor/ 2 One Bed Units on 3rd Floor), Commercial storefront is located on 1st floor and feature 3 separate rooms along with a 1/2 bath. Basement is unfinished and spans the entire length of the property. Each unit is on separate utilities (Gas, Electric, Water). Commercial space is currently occupied by the current owner but will be delivered vacant. Residential units will be occupied with option to keep current tenants or end current month to month after 30 days. Owner took good care of property and made sure any repairs were done as needed. Property was renovated some years ago but could use some updating here and there. Owners are highly motivate to sell so bring all offers!!! Property can be shown any day with 24 hours notice .Rent Roll Breakdown: Unit 1 One BR- $725/ Unit 2 One BR- $725/ Unit 3 Two BR- $825 Unit 4 One BR- $625/ Commercial Unit- Owner Use- $2000 (Owner currently runs a business out of the 1st floor commercial , therefore rent for the commercial unit is based on market value rent in the area of $2000)Total Net Income of property is $4900 a month/ $58,000 Annually Cap Rate 7%
    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 58000.00 Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N Net Operating Income 49600.00 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 58000.00 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 The Lux Living Group | Keller Williams Main Line. 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: 2021-09-18T23:52:54.843.
     
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