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Listed by Jason Kleinman • SDG Management, LLC
$ 875,000
Est. payment /mo
Active
1935 CECIL B MOORE AVE Philadelphia, PA 19121
1,755 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2590832
Year Built 2022
Annual Tax Amount $1,819
Tax Year 2025
Lot Size 1,755 Sqft
Acres 0.04
Lot Dimensions 22.00 x 80.00
Property Sub-Type Mixed Use
Source BRIGHT
Property 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.
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.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 871000219
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations