$ 850,000
-
$850,000
Price -
4
Bed - Bath
-
6,083
SqFt
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About the Listing SDG1 - 3334675,3138421
Fully Renovated 4-Unit Investment with Tax Abatement Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center. The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $64,431, translating to a 7.58% cap rate, along with a DSCR of 1.43 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold. Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
Listing Highlights for 2002 Cecil B Moore Ave
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
PAPH2542320
Year Built
1915
Total Square Footage
6,083
Lot/Acreage
0.04
Interior Details
- Bedrooms: 4
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5083
- Below Ground Sq Ft: 1000
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 84.00
- Zoning: RM1
- Roof:
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Public,On Street
Financial Details
- Tax Amount: $1,946
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
2002 Cecil B Moore Ave Philadelphia, PA 19121
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