$824,999

2521 Cecil B Moore Ave

PHILADELPHIA PA, 19121

Description

Brand new construction triplex just above the booming Brewerytown submarket of Philadelphia, Pennsylvania. Spaciously designed three-unit multifamily building with modern interiors, features and finishes throughout. This area is experiencing surging appreciation. Easy access into major employment hubs Center City and University City. 10yr tax abatement + 1yr builder warranty delivered at settlement. Also located in Qualified Opportunity Zone which has already proven to spur widespread real estate development in this area. Pro forma cap rate: 8%. Can be packaged with similar new construction multifamily properties developed by same builder (identical building under construction next door at 2519 for instance!). Developed by leading city builder. Terrific owner-occupied investment opportunity; live in one unit and subsidize mortgage payments with rental income from the other two units! Drive by and witness the construction boom surrounding this site today! Completion late 2019. "Photos from similar property developed by builder; multiple new multifamily developments under construction and delivering on this street and surrounding blocks."

Details

MLS#PAPH812094
Sub-TypeResale
StatusActive
Year2019
Days On Site94

Features

SQ Feet3,300
Units3

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
Listing VS Median (in 19121)
Price:
$824,999
low | high
Med:
$157,450
100% of Average
SqFt:
3,300
low | high
Med:
1,424
100% of Average
$ / SqFt:
$250
low | high
Med:
$115
100% of Average
On Site:
94
low | high
Med:
51
100% of Average
Listing Updated: 10/15/2019
MLS Number: PAPH812094
Listing Provided By:
Ryan J McManus  of  Compass Pennsylvania LLC