2716 Cecil B. Moore Ave Philadelphia, PA 19121
- Apartment buildings
- 4,500 SF
Current Use by Public Records
- Apartment buildings
Property Details for 2716 Cecil B. Moore Ave
- Year built
- 2024
- Property size
- 4,500 SF
- Property type
- Apartment buildings
Description
This stunning new construction triplex in Philadelphia's Brewerytown neighborhood presents a compelling investment opportunity. Boasting three spacious units, each featuring high-end finishes, this property offers a compelling blend of luxury and profitability. Unit #1, a 1500+ sq ft bi-level, includes 3 bedrooms, 2 full baths, and a private backyard. Unit #2 offers over 1000 sq ft with 2 bedrooms and 1 bath. Unit #3, a 1200+ sq ft bi-level, features 2 bedrooms, 2 baths, and a rooftop deck. Currently, two units are rented, generating over $4100 in monthly income. The property's 4,500 square feet are spread across four stories, and it benefits from a 10-year tax abatement and its location within an Opportunity Zone. High-efficiency windows, contemporary doors, custom flooring, elegant kitchens with new appliances and shaker cabinets, and custom bathrooms with designer tiles and vanities are just some of the luxurious features. The property's prime location offers easy access to Fairmount Park, local restaurants, and the Schuylkill River Trail. This is a turnkey investment with significant potential for appreciation in a rapidly developing area. The building includes a one-year builder warranty. This exceptional property is priced at $825,000, or $275,000 per unit, representing a pro-forma NOI of $6,000 and a pro-forma cap rate of 0.73%. Don't miss this chance to acquire a high-quality, income-producing asset in a thriving Philadelphia neighborhood.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1793
- Latitude
- 39.9815
