1715 CECIL B MOORE AVENUE
Property 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/monthGross 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.Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors (610) 647-8300
MLS ID: 6644632 State License Number: RS371661
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $524,900 |
| Year Built: | 2017 |
| Lot Size: | 4,260.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2668032
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