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Listed by Jason Kleinman • SDG Management, LLC
$ 875,000
Est. payment /mo
Active
1937 CECIL B MOORE AVE Philadelphia, PA 19121
2,120 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2592800
Year Built 1915
Annual Tax Amount $1,802
Tax Year 2025
Lot Size 2,120 Sqft
Acres 0.05
Lot Dimensions 22.00 x 96.00
Property Sub-Type Mixed Use
Source BRIGHT
Property 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.
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
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871220800
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations