1937 Cecil B Moore Ave
$875,000
1937 Cecil B Moore Ave, Philadelphia, PA 19121
4,350 sqft
Building Size
1915
Year Built
Details:
Highlights:
- Days on Market: 5
- Heating: Forced Air
Description:
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 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.
Location
Gallery
