Philadelphia, PA 19121,2601 CECIL B MOORE AVE
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Philadelphia, PA 19121,2601 CECIL B MOORE AVE
Philadelphia, PA 19121,2601 CECIL B MOORE AVE
Philadelphia, PA 19121,2601 CECIL B MOORE AVE
Philadelphia, PA 19121,2601 CECIL B MOORE AVE

$545,000

Est. payment /mo

$575,000

5.2%
Est.Price: ?

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2601 CECIL B MOORE AVE Philadelphia, PA 19121

3,780 SqFt

SOLD DATE : 01/24/2022

Key Details

Sold Price $545,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 3,780 sqft

Price per Sqft $144

Subdivision Brewerytown

MLS Listing ID PAPH2008126

Sold Date 01/24/22

HOA Y/N N

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,380

Tax Year 2021

Lot Size 1,386 Sqft

Acres 0.03

Lot Dimensions 18.00 x 77.00

Property Description

Big Price Reduction !!! Highly motivated sellers ready to get a deal done. Opportunity Zone!!This is a 3,780 square foot mixed use property. Currently zoned for a 4 Unit with commercial space on 1st floor. Part of the zoning does allow the sale of pre packaged foods as well. Currently the commercial space is used by the owner as a Barbershop but will be delivered vacant for the buyer. There are 4 units upstairs, 3 units are occupied with rent paying tenant and 1 unit is vacant. Rent roll is as follows

Commercial- $2000 (based on market rent in the area)
Unit 1- 1 Bed 1 Bath $725
Unit 2- 1 Bed 1 Bath $725
Unit 3- 2 Bed 1 Bath $825
Unit 4- 1 Bed 1 Bath $625

Total- $4900 a month- $58,800 a year Cap Rate of 9.7%

Rent is currently under fair market, so there is potential to raise 1 bed to $780 and 2 bed to $950. The owner has made sure to make all repairs over the years and it has been taken care of very well. Roof was recently sealed and hallways painted as well. 1st floor barbershop was recently renovated with new flooring & paint. This are is very hot and this property is ready to sell. All tenants are on month to month leases.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX1

Interior

Hot Water Electric

Heating Wall Unit

Cooling Window Unit(s)

Flooring Laminated

Heat Source Electric

Exterior

Water Access N

Roof Type Flat

Accessibility 36\"+ wide Halls, 32\"+ wide Doors, 2+ Access Exits

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Septic

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871146600

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by donovan lee edwards • Keller Williams Philadelphia
Bought with donovan lee edwards • Keller Williams Philadelphia
agent

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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