1935 Cecil B Moore Ave

Highlights:

• Days on Market: 5
• Heating: Forced Air

Description:

Welcome to 1935 Cecil B. Moore Ave, a newly constructed mixed-use property completed in 2024, offering a compelling investment opportunity in one of Philadelphia’s rapidly growing corridors. The building features three spacious residential units above a ground-floor commercial space, creating a strong blend of residential stability and commercial income potential.

Each of the three residential units offers a well-designed 2-bedroom, 2-bathroom layout, providing modern living spaces ideal for today’s renters. The ground-floor residential unit features its own private backyard, while each of the two upper units includes two private balconies, offering valuable outdoor space that is increasingly sought after by tenants. Residents also enjoy shared roof access, providing additional outdoor space and city views.

The property benefits from 8.5 years remaining on the tax abatement, representing approximately $62,000 in tax savings, significantly enhancing the investment’s long-term value. With unabated taxes, the asset is currently performing at a 6.56% cap rate, generating an NOI of $57,377 and maintaining a 1.24 DSCR, making it a strong option for investors seeking stable income and favorable financing metrics.

With new construction completed in 2024, modern building systems, and minimal near-term maintenance requirements, 1935 Cecil B. Moore Ave presents a rare opportunity to acquire a turn-key mixed-use asset with strong cash flow and long-term upside in a growing Philadelphia neighborhood.

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Listing ID: 804601972080