CECIL B MOORE Mix-Used High Cash Flow
QOZ | Below Market Rent | Low Property Tax
Marketing description
LOW TAX! 2308 Cecil B. Moore Ave is a strong cash-flowing 4-unit mixed-use investment opportunity positioned along the Ridge Ave & Cecil B. Moore corridors and located within a Qualified Opportunity Zone (QOZ). The property consists of three occupied 1BR/1BA residential units above a highly visible street-level commercial space (currently for owner-use purpose) occupancy or additional income potential. 2310 Cecil B Moore is also for sale.
All residential units are currently rented below market with primarily month-to-month leases, offering immediate upside through lease optimization and repositioning. Strong rental demand for 1-bedroom apartments in the area continues to support stable occupancy and predictable operations, whether targeting market-rate tenants or voucher programs. The commercial storefront benefits from excellent street exposure, steady neighborhood traffic, and flexible potential uses. Pro forma projections indicate an estimated 10%+ CAP rate (buyer to verify), supported by the property’s efficient unit mix, rental upside, and mixed-use income potential.
Investment highlights
• Located within a Qualified Opportunity Zone (QOZ)
• Low Property Tax $3,000/Year
• All residential units are fully occupied
• Current apartment rents significantly below market at approximately $800–$850/month
• Strong value-add opportunity through cosmetic and modern interior upgrades
• Highly desirable and easy-to-lease 1BD/1BA unit layout
• Potential Section 8 voucher rents may reach approximately $1,200-1,325/unit (buyer to verify)
• Mixed-use asset with additional upside potential from street-level commercial space
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