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31082543
31082558

1937 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
79 days on market
Updated 70 days ago

1937 Cecil B Moore Ave

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 4,350
Units 4
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 6.92%
Pro-Forma NOI $60,536
Price per SqFt $201
Class B
Year Renovated 2021
Buildings 1
Stories 3
Lot Size (SqFt) 2,120
Zoning CMX2
Investment Type Stabilized

Mixed Use | 4,350 SqFt

Marketing description

Welcome to 1937 Cecil B. Moore Ave, a fully renovated mixed-use property offering a strong investment opportunity in one of Philadelphia’s rapidly growing corridors. Renovated in 2021, the building features three residential units above a ground-floor commercial space, creating a balanced mix of residential stability and commercial income.

The property includes three residential apartments totaling 7 bedrooms, providing spacious layouts well suited for today’s renters. The residential units offer modern finishes and comfortable living spaces that help attract and retain tenants in this high-demand rental market.

With five years remaining on the tax abatement, the property continues to benefit from reduced operating expenses while maintaining strong performance. With unabated taxes, the asset is currently producing an NOI of $60,536, operating at a 6.92% cap rate and supporting a 1.27 DSCR, making it an attractive option for investors seeking stable income and favorable financing metrics.

With a full renovation completed in 2021, updated systems, and a well-performing mixed-use configuration, 1937 Cecil B. Moore Ave presents a compelling opportunity to acquire a stabilized, cash-flowing asset with 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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