4700 CEDAR Avenue
Property Description
Welcome to 4700 Cedar Avenue, a well-maintained, fully occupied triplex offering immediate rental income and excellent long-term investment potential. This triplex MUST be purchased with 4702 Cedar (duplex listed at $510,000) as they have a common entrance. 4700 Cedar consists of one one-bedroom apartment, one studio apartment, and one spacious three-bedroom apartment, making the property attractive to a diverse tenant base. The property includes full basement, has benefited from numerous upgrades and recent renovations in several units, and is 100% occupied, providing immediate, stable rental income from day one. Ideally located in the heart of West Philadelphia, the property is just minutes from the University of Pennsylvania, Drexel University, Clark Park, Cedar Park, and the vibrant Baltimore Avenue commercial corridor, with its wide variety of restaurants, cafes, shops, and neighborhood amenities. This is a rare opportunity to acquire two properties featuring five total residential units connected by a shared entryway, creating the convenience of a single property while maintaining the character of residential multifamily housing not a commercial building. Whether you're looking to expand an existing portfolio or acquire a turnkey income-producing asset in one of Philadelphia's most desirable rental markets, this building is an exceptional investment opportunity. Don't miss your chance to own this unique multifamily property.Broker Details
New Age Realty Group, Inc. (215) 387-1002
MLS ID: 3184130 State License Number: RS320794
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $540,000 |
| No. of Units: | 3 |
| Year Built: | 1925 |
| Lot Size: | 2,728.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $180,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2649206
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