Bought with Jerome J. Washington • Neighborhood Assistance Corp. of America (NACA)
$820,000
$825,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
2002 CECIL B MOORE AVE Philadelphia, PA 19121
6,083 SqFt
Key Details
Sold Price $820,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 6,083 sqft
Price per Sqft $134
MLS Listing ID PAPH2591594
Sold Date 10/05/26
Style Traditional
Abv Grd Liv Area 5,083
Year Built 1915
Annual Tax Amount $1,946
Tax Year 2026
Lot Size 1,596 Sqft
Acres 0.04
Lot Dimensions 19.00 x 84.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Fully Renovated 4-Unit Investment with Tax Abatement
Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center.
The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $62,115, translating to a 7.53% cap rate, along with a DSCR of 1.42 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold.
Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM-1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar, Concrete Perimeter
Above Ground Finished SqFt 5083
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 472059800
Ownership Fee Simple
SqFt Source 6083
Acceptable Financing Cash, FHA, Conventional
Listing Terms Cash, FHA, Conventional
Financing Cash,FHA,Conventional
Special Listing Condition Standard
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