School District: The School District Of Philadelphia
Address: 2802 CECIL B MOORE AVE
Introducing 2802 Cecil B Moore Ave!!! New Construction TRIPLEX. Offered at 7.2% CAP. Located in one of the hottest neighborhoods in Philadelphia Brewerytown. Few blocks from Fairmount Park!!! The building has 3 units, perfectly designed by KCA design associates. Great opportunity for first time home BUYER | INVESTOR | 1031 Exchange. Live in one unit and rent the other two units out, or receive rental income from all 3 units. Brewerytown is booming and the rental market here is strong. Lower UNIT [ One ] has been rented starting 10/1/2021 Annual Lease @ $1,900 / Month, is a 3BD | 3BA Bi-level apartment with large rear yard. Pro forma rent of 1,900 / Month!!! UNIT [ Two ] is a 2BD | 1BA apartment with a, pro forma rent of $1,400 / Month!!! Upper UNIT [ Three ] is a 2BD | 2BA apartment with a massive skyline Roof Deck, pro forma rent of 1,700 / Month!!! Pro forma annual rent: $60,000, Pro forma CAP: 7.2 %. All THREE Units feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Hardwood floors & recessed lighting. All kitchens are home to shaker-style cabinetry, subway tile, granite countertops, stainless steel appliances. There is ample closet space and W/D hook up in all THREE units. In a great location for commuters, it takes just minutes to get to Center City or University City. There are several Septa routes nearby, and all major highways are easily accessible. Only steps away from Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe, Monkey and the Elephant, and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76. Approved 10-YEAR TAX ABATEMENT and 1 yr Builder Warranty. Property is located in the Qualified Opportunity Zone!!!*
FOR a OWNER OCCUPANT they can do a FHA 3.5% down at 2.375% interest and no lender fees. Seller can provide introduction for the lender. Unit 1 and Unit 2 have both been rented for Annual lease.
Courtesy of: Keller Williams Philadelphia Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th November, 2021 11:49 AM