Photos were taken prior to installation of appliances and tenants moving in - all units are occupied and fully renovated. Welcome to 1937 Cecil B. Moore Ave, a fully renovated mixed-use property offering a strong investment opportunity in one of Philadelphia's rapidly growing corridors. Renovated in 2021, the building features… Read More three residential units above a ground-floor commercial space, creating a balanced mix of residential stability and commercial income. The property includes three residential apartments totaling 7 bedrooms, providing spacious layouts well suited for today's renters. The residential units offer modern finishes and comfortable living spaces that help attract and retain tenants in this high-demand rental market. With five years remaining on the tax abatement, the property continues to benefit from reduced operating expenses while maintaining strong performance. With unabated taxes, the asset is currently producing an NOI of $60,536, operating at a 6.92% cap rate and supporting a 1.27 DSCR, making it an attractive option for investors seeking stable income and favorable financing metrics. With a full renovation completed in 2021, updated systems, and a well-performing mixed-use configuration, 1937 Cecil B. Moore Ave presents a compelling opportunity to acquire a stabilized, cash-flowing asset with long-term upside in a growing Philadelphia neighborhood. Read Less
Courtesy of Jason Kleinman, SDG Management, LLC 267-239-2424
Listing Snapshot
Days Online
20
Last Updated
Property Type
Commercial
Square Ft.
4,350
Lot Size
0.05 Acres
Year Built
1915
MLS Number
PAPH2592800
Additional Details
Building
Built in 1915, Built in 2021 (effective), 3 stories, Construction Materials: Masonry
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