Welcome to 2812 Cecil B. Moore Avenue - a newer-construction triplex offering an outstanding opportunity for investors in Philadelphia. Built in 2021 and with approximately 3.5 years remaining on the tax abatement, this three-unit property offers modern construction, strong rental potential, and the flexibility to add a quality multifamily asset… Read More to your portfolio. The first-floor unit is currently rented for $1,760/month and the second-floor unit is rented for $1,385/month, providing $3,145 in existing monthly rental income. The third-floor unit is currently vacant and was previously rented for $2,040/month, bringing the property's potential gross rental income to approximately $5,185 per month, or $62,220 annually. At the $650,000 asking price, the property offers a potential gross rental yield of approximately 9.6%. Based on the current reported annual expenses of approximately $7,600, the property produces an estimated NOI of $54,573 before vacancy, maintenance, management and any other applicable operating expenses, representing an 8.4% cap rate before those additional expenses. Priced aggressively at $650,000, this is an opportunity to purchase a newer triplex at a compelling price point. Whether you're looking to expand your investment portfolio or explore an owner-occupied multifamily strategy, 2812 Cecil B. Moore Avenue deserves a look. Schedule your showing and see the potential for yourself! Read Less
Courtesy of Michael A Gabriel, Keller Williams Real Estate-Horsham 215-657-8100
Listing Snapshot
Days Online
52
Last Updated
Property Type
Triplex
Square Ft.
3,733
Lot Size
0.03 Acres
Year Built
2020
MLS Number
PAPH2672742
Additional Details
Appliances & Equipment
Dryer, Washer
Basement
Fully Finished
Building
Built in 2020, Living area: 3733
Cooling
Central A/C
Accessibility Features
None
Expenses
Operating: $2,647
Exterior Features
Roof Deck
Heating
Forced Air
Lot
0.03 acres, Dimensions: 16.00 x 72.00
Property
Excellent, Other structures: Above Grade, Below Grade
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