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30952290
30952292

1935 Cecil B. Moore Ave, Philadelphia, PA 19121

JK
PA PA362457, NJ 2559900
SDG Real Estate
SS
PA RM424801
SDG Real Estate
Listed by SDG Real Estate
$875,000
80 days on market
Updated 80 days ago

1935 Cecil B Moore Ave

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 3,720
Units 4
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 6.56%
Pro-Forma NOI $57,377
Price per SqFt $235
Class B
Year Built 2024
Buildings 1
Zoning CMX2
Investment Type Stabilized
Ownership Fee Simple

Mixed Use | 3,720 SqFt

Marketing description

Welcome to 1935 Cecil B. Moore Ave, a newly constructed mixed-use property completed in 2024, offering a compelling investment opportunity in one of Philadelphia’s rapidly growing corridors. The building features three spacious residential units above a ground-floor commercial space, creating a strong blend of residential stability and commercial income potential.

Each of the three residential units offers a well-designed 2-bedroom, 2-bathroom layout, providing modern living spaces ideal for today’s renters. The ground-floor residential unit features its own private backyard, while each of the two upper units includes two private balconies, offering valuable outdoor space that is increasingly sought after by tenants. Residents also enjoy shared roof access, providing additional outdoor space and city views.

The property benefits from 8.5 years remaining on the tax abatement, representing approximately $62,000 in tax savings, significantly enhancing the investment’s long-term value. With unabated taxes, the asset is currently performing at a 6.56% cap rate, generating an NOI of $57,377 and maintaining a 1.24 DSCR, making it a strong option for investors seeking stable income and favorable financing metrics.

With new construction completed in 2024, modern building systems, and minimal near-term maintenance requirements, 1935 Cecil B. Moore Ave presents a rare opportunity to acquire a turn-key mixed-use asset with strong cash flow and long-term upside in a growing Philadelphia neighborhood.

Listing Contacts

JK
PA PA362457, NJ 2559900
SDG Real Estate
SS
PA RM424801
SDG Real Estate
Listed by SDG Real Estate

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Additional Information

Name
Jason Kleinman
License
PA362457
Brokerage
SDG Management LLC
Brokerage Phone
6093354016
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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