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2802 Cecil B Moore Avenue

PHILADELPHIA, PA 19121
  • $749,100
  • STATUS: Active Under Contract
  • ON SITE: 56 Days
  • ID#: PAPH2000897
Under Contract
$749,100
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,412
    SQFT
  • $220
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Description

Introducing 2802 Cecil B Moore Ave!!! New Construction TRIPLEX. Offered at 7.2% CAP. Located in one of the hottest neighborhoods in Philadelphia Brewerytown. Few blocks from Fairmount Park!!! The building has 3 units, perfectly designed by KCA design associates. Great opportunity for first time home BUYER | INVESTOR | 1031 Exchange. Live in one unit and rent the other two units out, or receive rental income from all 3 units. Brewerytown is booming and the rental market here is strong. Lower UNIT [ One ] has been rented starting 10/1/2021 Annual Lease @ $1,900 / Month, is a 3BD | 3BA Bi-level apartment with large rear yard. Pro forma rent of 1,900 / Month!!! UNIT [ Two ] is a 2BD | 1BA apartment with a, pro forma rent of $1,400 / Month!!! Upper UNIT [ Three ] is a 2BD | 2BA apartment with a massive skyline Roof Deck, pro forma rent of 1,700 / Month!!! Pro forma annual rent: $60,000, Pro forma CAP: 7.2 %. All THREE Units feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Hardwood floors & recessed lighting. All kitchens are home to shaker-style cabinetry, subway tile, granite countertops, stainless steel appliances. There is ample closet space and W/D hook up in all THREE units. In a great location for commuters, it takes just minutes to get to Center City or University City. There are several Septa routes nearby, and all major highways are easily accessible. Only steps away from Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe, Monkey and the Elephant, and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76. Approved 10-YEAR TAX ABATEMENT and 1 yr Builder Warranty. Property is located in the Qualified Opportunity Zone!!!*FOR a OWNER OCCUPANT they can do a FHA 3.5% down at 2.375% interest and no lender fees. Seller can provide introduction for the lender. Unit 1 and Unit 2 have both been rented for Annual lease.

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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 Realty Executives Premier. 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: 2021-12-02T23:51:59.693.
www.jessicarealtor.com/homes/122167935
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2802 Cecil B Moore Avenue PHILADELPHIA, PA 19121

  • Price: $749,100
  • Status: Active Under Contract
  • On Site: 56 Days
  • ID#: PAPH2000897
0
Beds
0
Baths
0
½ Baths
0.03
Acres
3,412
SQFT
$220
$/SQFT
2021
Built
Neighborhood:
Brewerytown
County:
Philadelphia
Area:
19121 (19121)
School District:
The School District Of Philadelphia
Property Description
Introducing 2802 Cecil B Moore Ave!!! New Construction TRIPLEX. Offered at 7.2% CAP. Located in one of the hottest neighborhoods in Philadelphia Brewerytown. Few blocks from Fairmount Park!!! The building has 3 units, perfectly designed by KCA design associates. Great opportunity for first time home BUYER | INVESTOR | 1031 Exchange. Live in one unit and rent the other two units out, or receive rental income from all 3 units. Brewerytown is booming and the rental market here is strong. Lower UNIT [ One ] has been rented starting 10/1/2021 Annual Lease @ $1,900 / Month, is a 3BD | 3BA Bi-level apartment with large rear yard. Pro forma rent of 1,900 / Month!!! UNIT [ Two ] is a 2BD | 1BA apartment with a, pro forma rent of $1,400 / Month!!! Upper UNIT [ Three ] is a 2BD | 2BA apartment with a massive skyline Roof Deck, pro forma rent of 1,700 / Month!!! Pro forma annual rent: $60,000, Pro forma CAP: 7.2 %. All THREE Units feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Hardwood floors & recessed lighting. All kitchens are home to shaker-style cabinetry, subway tile, granite countertops, stainless steel appliances. There is ample closet space and W/D hook up in all THREE units. In a great location for commuters, it takes just minutes to get to Center City or University City. There are several Septa routes nearby, and all major highways are easily accessible. Only steps away from Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe, Monkey and the Elephant, and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76. Approved 10-YEAR TAX ABATEMENT and 1 yr Builder Warranty. Property is located in the Qualified Opportunity Zone!!!*FOR a OWNER OCCUPANT they can do a FHA 3.5% down at 2.375% interest and no lender fees. Seller can provide introduction for the lender. Unit 1 and Unit 2 have both been rented for Annual lease.
Exterior Features

Architectural Style Contemporary Construction Materials Brick Front Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Excellent Riparian Rights YN No Roof Fiberglass Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3412 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 2

Property Features

Accessibility Features Other Assessment Year 2021 Association YN No Central Air YN Yes Construction Completed YN Yes Cooling Fuel Electric Cross Street 28 Existing Lease Type Yearly Foundation Details OtherConcrete Perimeter Gross Income 60000.00 Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Leased 1 Number Of Units Total 3 Original MLSNumber 800765270445 Ownership Interest Fee Simple Possession Immediate Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 136.00 Tax Assessment Amount 9700.00 Total Actual Rent 60000.00 Vacation Rental YN No Water Source Public Zoning Rm1

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 Realty Executives Premier. 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: 2021-12-02T23:51:59.693.
 
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