1,753 Sqft Lot
1,753 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2610742
Year Built 2026
Annual Tax Amount $7,410
Tax Year 2026
Lot Size 1,753 Sqft
Acres 0.04
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
The building consists of two 3-bedroom, 2-bath units, three 2-bedroom units, and one 1-bedroom unit, all renovated with modern finishes including hardwood flooring, recessed lighting, stainless steel appliances, updated kitchens and baths, and in-unit laundry. The property is fully electric with separately metered utilities and minimal anticipated near-term capital expenditures.
First-floor units feature private rear yard spaces, a highly desirable amenity uncommon in comparable multifamily assets. Additional improvements include updated mechanical systems, sprinkler system, fire alarm system, modernized common areas, and covered front porches overlooking Cedar Avenue.
Delivered fully vacant, investors have the ability to immediately stabilize the asset at projected market rents without legacy tenancy issues. The property also benefits from a 10-year tax abatement with phased step-up structure, creating substantial early-year tax savings and improved cash flow.
Positioned directly across from the PHMC Public Health Campus and within close proximity to University City, major hospitals, Center City access, public transportation, Clark Park, Baltimore Avenue retail, and neighborhood dining, the property is well situated for long-term rental demand and appreciation.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Interior
Hot Water Electric
Heating Heat Pump - Electric BackUp
Cooling Central A/C
Inclusions Refrigerators Electric ranges/ovens Built-in microwaves Dishwashers Washer(s) Dryer(s)
Heat Source Electric
Exterior
Water Access N
View City
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Other
Foundation Stone
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881450860
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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