$799,900 $4,294 est/mo Sourced by Back At You

1702 Cecil B Moore Ave,Philadelphia, PA 19121

Philadelphia PA, 19121

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Description

Welcome to an exceptional investment opportunity in close proximity to Temple University campus! This four-story commercial/multi-family property presents an ideal prospect for investors, particularly those interested in student housing.Situated on an 18 x 80 lot, this property boasts a versatile layout designed to maximize its earning potential. The first floor features a spacious commercial space with flexible usage options, making it suitable for offices, retail stores, non-profit organizations, and more. This prime location ensures high visibility and foot traffic, enhancing the appeal for various business ventures.****This property can be a package purchase with 1704 Cecil B. Moore, the attached building for $1,450,000 for further investment opportunity.****Above the commercial space are three units, each comprising five bedrooms and three full bathrooms. With ample living space and modern amenities, these units are perfectly tailored to meet the housing needs of Temple University students. Whether utilized as long-term rentals or short-term accommodations, these units offer lucrative income potential.Furthermore, the property benefits from a remaining tax abatement, providing valuable savings for the discerning investor. This advantageous financial incentive adds to the appeal of this investment opportunity, allowing for increased profitability over time.Don't miss out on the chance to capitalize on this prime investment near Temple University. Whether you're a seasoned investor or new to the market, seize this opportunity to secure a profitable asset in one of Philadelphia's most sought-after locations. Schedule a viewing today and take the first step towards realizing your investment goals!

Details

MLS#PAPH2343696
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2017
Days On Site63
Listing Provided ByRE/MAX Keystone | Kurt C Werner
Buying Commision3% Of Gross
Listing Commission0 $

Features

SQ Feet5,400
Units3
ZoningCMX25
Acreage0.03

Market Activity 19121

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19121
Area19121
Community NameTemple University
School DistrictPhiladelphia City
Listing VS Median (in Temple University)
Price:
$799,900
low | high
Med:
$2,043
100% of Average
SqFt:
5,400
low | high
Med:
1,475
100% of Average
$ / SqFt:
$148
low | high
Med:
$1
100% of Average
On Site:
63
low | high
Med:
154.5
40.776699029126% of Average
Sourced by Back At You
Listing Updated: June 11, 2024 at 5:32:37 PM PDT