$2,050,000

5334-36 Cedar Ave

PHILADELPHIA PA, 19143

Description

Fully rented, cash producing, brand new construction built in 2019, 8 unit building in University City. Perfect for an investor, 1031 Exchange, or owner occupant. There are Four, 2-bedroom units and Four, 1-bedroom units. Two units rent for $1150, 3 units rent for $1420, Two units for $1320, and one unit for $1400. Live in one unit and rent out the rest or sit back and enjoy the cashflow. Some features include: Central AC, new kitchen & baths with a new modern look for tiles, fixtures and finishes, stainless-steel appliances (fridge, stove, dishwasher, Microwave), garbage disposals, hardwood floors, recessed lighting and washer & dryer in each unit and some patio space. Come and enjoy this great space with high ceilings, loads of natural light and a clean modern feel. Great quick access to the commercial district of Baltimore Avenue including such venues as Cedar Park Cafe, Hibiscus Cafe, Booker's Restaurant & Bar, Amari's Restaurant, a half mile to Dock Street Brewery West, and only 1.8 mi to University of Penn & Drexel's campus. Nearby SEPTA routes offer easy access to anywhere. Tenants pay gas, water and electricity. Tax abatement has been applied for. Because all units are rented and occupied Serious buyers only. Proof of funds or pre-approval required before viewing the property to limit the tenant interruptions. For showing coordination, as much advanced notice as possible is appreciated. Seller will sell property individually or as part of a package with these other properties which are also for sale: 4811 Walnut St. 4 units, 5301 Pine St. 3 units, 5334-36 Cedar Ave. 8 units, 5409 Christian St. 3 units. A total portfolio of 18 Units and 4 buildings. View 360 degree photos of the units: https://photos.app.goo.gl/5mjZo7Bj23GNWufp7 https://photos.app.goo.gl/BCXMtRrLG2aNk2Nt9 https://photos.app.goo.gl/VJBsX4oMSbcawCTo9 https://photos.app.goo.gl/NZLCaESE1bh3EUgZ9 https://photos.app.goo.gl/pz9wmikWrRucr6CT8 https://photos.app.goo.gl/29RCjnWydKuovnoZ9

Details

MLS#PAPH975310
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year2019
Days On Site57

Features

SQ Feet7,214
ZoningRM1
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19143
Area19143 (19143)
Listing VS Median (in 19143)
Price:
$2,050,000
low | high
Med:
$160,000
100% of Average
SqFt:
7,214
low | high
Med:
1,638
100% of Average
$ / SqFt:
$284
low | high
Med:
$98
100% of Average
On Site:
57
low | high
Med:
95
60% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:41:20 PM PST
Mark L Malfara LogoMLS Number: PAPH975310
Listing Provided By:
Mark L Malfara  of  BHHS Fox Roach-Chestnut Hill
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

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