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23728849
20048563

2317 E Westmoreland St, Philadelphia, PA 19134

SC
RB067775
Red Door Real Estate
Listed by Red Door Real Estate
$838,000
638 days on market
Updated 0 days ago

Medical Mixed Use Asset for SALE: 2317 E Westmoreland Street

Details
Property Type Mixed Use, Multifamily
Sub Type Mixed Use, Multi Family
Square Footage 3,948
Net Rentable (SqFt) 3,948
Units 4
Cap Rate 8.16%
NOI $68,340
Occupancy 100%
Tenancy Multi
Lease Type NN+
Lease Term 3
Lease Expiration 03/31/2029
Remaining Term 3
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 2018
Year Renovated 2018
Buildings 1
Stories 2
Lot Size (SqFt) 2,100
Zoning ICMX
Investment Type Stabilized
Tenant Credit Corporate Guarantee, No Credit Rating
Lease Commencement 04/18/2018
Ground Lease No
Ownership Owner of Record

Stabilized Mixed Use Building for Sale! Turn-Key Prized Asset!

Marketing description

Rarely offered, fully renovated 4-unit mixed-use property, Medical Zoning! with long-term residential and commercial tenants. Available individually or as part of a larger real estate portfolio. Please inquireThis property boasts modern amenities with high-quality finishes throughout! This fully sprinklered building features three upscale 1-bedroom, 1-bath apartments and a long-term medical tenant on the ground floor, ensuring steady rental income.

Key Investment Highlights:

Strong 8.1% Cap Rate – High-yield, income-producing asset

100% Occupancy with stable Cash Flow – Long-Term residential & commercial tenants

Tax Abatement – 1 Year Remaining

Turnkey Condition – Low-maintenance, modern construction

High-Demand Location – Steps from Aramingo Ave, I-95, transit, and retail hubs

Quality Upgrades – Tankless water heaters, sliding glass shower doors, central air, LED lighting, granite countertops, tile flooring, stainless steel appliances

Fire & Safety Compliance – 24/7 Fire alarm monitoring & annual system maintenance

Transferrable Roof Warranty – Added long-term value

This prime investment property offers investors a rare opportunity to acquire a stabilized, low-maintenance asset in a rapidly growing area. Perfect for 1031 exchange buyers and portfolio investors!

📍 Location Perks: Close to public transportation, restaurants, big-box retailers, hospitals, schools, parks, fitness centers, I-95, and just minutes from downtown.

Don't miss this highly desirable, fully occupied asset

The property generates an annual rent of $84,000 and is separately metered for electricity. This property has a lot to offer with streamlined rental payments, secured waste management, and maintenance services. Don't miss out on this income-generating gem!

Serious inquiries only. Prior to confirming ALL showings, Buyers must provide Pre-approval, POF, or Bank Statement(s). Once received and verified, Broker will confirm.

Co-Operating Brokers welcomed! Commissions honored.

For more details or to schedule a showing, contact Sokkie Choing at (855) 733-1341.

Investment highlights

8.1% Cap Rate (Verified)

DSCR-Qualified (1.7+)

100% Occupied w/long-term Commercial tenant

Annual Rent of $84,000

Tax Abatement: 1 year remaining

ICMX2 Zoning

Turnkey Condition – Modern Finishes Throughout

Available individually or as part of a larger real estate portfolio. Please inquire.

Listing Contacts

SC
RB067775
Red Door Real Estate
Listed by Red Door Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$68,340.00
$5,695.00/mo

Valuation Metrics

0
DSCR
8.16%
Cap Rate
8.16%
ROI

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