2550 CECIL B MOORE AVENUE, Philadelphia, Philadelphia County, PA 19121

For Sale

Listed by Aaron Lewis with Compass Pennsylvania, LLC
$199,999 USD
  • 6 Beds
  • 3.5 Baths
  • 1,986 Sqft
  • 0.023 ac Lot Size
  • Townhouse
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Property Summary for 2550 CECIL B MOORE AVENUE

Property Type
Townhouse
Lot Size
0.023 Ac
MLS Number
PAPH835712
Year Built
1915
Date Added
22 September 2019
property style
Contemporary
Neighborhood
Brewerytown
Zip
19121
School District
Philadelphia City School District

Description for 2550 CECIL B MOORE AVENUE

Investor alert! Be part of this exciting opportunity to acquire a turn-key investment portfolio. The portfolio consist of 16 fully-rehabbed, tenant-occupied properties, 14 single family homes and 2 triplexes in the fast growing West Philadelphia and Brewerytown areas of Philadelphia, Pennsylvania. In addition, over half of the portfolio is located in a Qualified Opportunity Zone (QOZ), giving investors direct access to the triple tax benefit incentive. Currently, tens of millions being invested in real estate development in these immediate vicinities. Spacious 3bd/1ba, 800 sqft, single-family rental. Pro forma annual income = $20,900. Pro forma annual expenses = $3,344. Pro forma NOI = $14,914. Pro forma cap rate = 8%. Can be sold individually, package or as entire portfolio. Developed by emerging city builder. Units are fully leased! Strong rent growth and appreciation forecast in these key areas for years to come. Terrific opportunity for institutional investment firm, owner-occupied investors and millennial investors. Acquisition financing available. Rates are low and now is the time to buy/invest in Philadelphia multifamily.
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Features for 2550 CECIL B MOORE AVENUE

Cooling
  • Central A/C
Exterior Finish
  • Masonry
Listing provided by TREND on 10/19/2019
Copyright © 2019 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Aaron Lewis

Compass Pennsylvania, LLC

Demographics in 19121top

Population

Total population 31,546
Male population 14,118
Female population 17,428
Median age 28.60

Households

Total households 12,501
Average people per household 2.43

Housing

Total housing units 16,885
Owner occupied 3,761
Renter occupied 8,740
Median year built 1939

Income

Median household income 17,482
Average household income 29,724

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Disclaimer


Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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