1715 Cecil B Moore Ave,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
INVESTOR ALERT - 24 HOURS NOTICE REQUIRED. Zoned CMX-2.5 / RM-1 - mixed-use property completed 2017, comprising two large residential units totalling 11 bedrooms and 11.5 bathrooms across 4,260 sq ft, plus a ground-floor commercial space. The only mixed-use asset in this package; the commercial lease diversifies income away from the residential cycle. Fire-sprinklered throughout, with a street-level department connection. Unit 1 - 6 bed / 6.5 bath with private patio, $2,400/monthUnit 2 - 5 bed / 5 bath with private roof deck, $3,000/monthCommercial - ground-floor studio, kitchenette, ADA accessible, $650/month Gross rental income of $72,600 for the 26/27 season, up from $60,300 in 25/26 - a 20.4% increase. A bathroom for every bedroom in both residential units, which is unusual in this submarket. In-unit washer and dryer in each unit.Important: the property's tax abatement expires after the 2027 tax year. The parcel is assessed at $566,500, of which approximately $113,300 is currently taxable. Taxes are $1,586 per year against approximately $7,930 at full assessment - one abated bill remains, and purchasers should underwrite a step-up of roughly $6,344 annually from 2028. All figures subject to independent verification. This property is offered individually and as part of a Temple University area package under single ownership. Package details and offering memoranda available from the listing agent.
Details
| MLS # | PAPH2668032 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Year | 2017 |
| Days On Site | 10 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | Danielle Redenbaugh |
Features
| SQ Feet | 4,260 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | CMX25 |
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
| Furnished | No |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1167 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $524,900 low | high Med: $220,000 sqft: 4,260 low | high Med: 1,488 $ / sqft: $123 low | high Med: $148 On site: 10 low | high Med: 44 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $524,900 low | high Med: $220,000 sqft: 4,260 low | high Med: 1,488 $ / sqft: $123 low | high Med: $148 On site: 10 low | high Med: 44 | |
