Buildings can be sold in a package!!! Excellent investment opportunity with neighboring property 2310 Cecil B. Moore also for sale. This mixed-use building features four total units: a recently renovated first-floor commercial space with central A/C and basement (formerly a laundromat) , and three one-bedroom apartments, with the last vacant… Read More unit expected to be rented by September, easy to show before then. An interested party is currently in talks to lease the commercial space. Most residential units have been updated and are currently rented below market; with HVAC added, each unit could command $1,000+ in rent. With low taxes, low insurance, and landlord-paid water, tax and insurance only, low maintenance. The building offers strong cash flow potential. At full occupancy, the projected cap rate exceeds 10%. Rent roll available upon request. Read Less
Courtesy of Alina Xie, BHHS Fox & Roach Wayne-Devon [email protected]
Listing Snapshot
Days Online
55
Last Updated
Property Type
Townhouse
Square Ft.
3,012
Lot Size
0.03 Acres
Year Built
1920
MLS Number
PAPH2521904
Additional Details
Basement
Connecting Stairway
Building
3,012 sqft living area, Built in 1920, Structure Type: Interior Row/Townhouse, 4 units in building, 3 levels in building, Straight Thru, Masonry
Cooling
Electric, Window Unit(s)
Accessibility Features
Level Entry - Main
Expenses
Operating Expense: $2,000
Foundation
Block
Heating
Electric, Baseboard - Electric
Income
Apartment Rentals, Shop Rentals
Lot
1,440 sqft, Lot Size Dimensions: 18.00 x 80.00, 0.03 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 3, 1 one-bedroom unit, 2 two-bedroom units
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