Description
Fully Renovated Triplex with Strong Cashflow and Tax AdvantagesWelcome to 2417 Cecil B Moore Avenue, a fully leased 3-unit apartment building just down the street from Girard College.The property underwent a full renovation in 2020, and each of the three 2-bedroom units is equipped with in-unit washers and dryers, offering modern finishes and everyday convenience for residents. With 6 years remaining on the tax abatement, the property produces an NOI of $40,344 and a 7.34% cap rate, providing steady performance and attractive returns. Additionally, the building is located in a Qualified Opportunity Zone, presenting potential long-term tax advantages for eligible buyers.This property is an excellent fit for an owner-occupant buyer seeking to offset living expenses with rental income or for an investor looking for a well-positioned, low-maintenance asset with reliable cashflow.2417 Cecil B Moore Ave delivers both stability and upside in a fully updated, turn-key property.
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0BEDS
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0.03ACRES
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0BATHS
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01/2 BATHS
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2,232SQFT
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$246$/SQFT
Description
Fully Renovated Triplex with Strong Cashflow and Tax AdvantagesWelcome to 2417 Cecil B Moore Avenue, a fully leased 3-unit apartment building just down the street from Girard College.The property underwent a full renovation in 2020, and each of the three 2-bedroom units is equipped with in-unit washers and dryers, offering modern finishes and everyday convenience for residents. With 6 years remaining on the tax abatement, the property produces an NOI of $40,344 and a 7.34% cap rate, providing steady performance and attractive returns. Additionally, the building is located in a Qualified Opportunity Zone, presenting potential long-term tax advantages for eligible buyers.This property is an excellent fit for an owner-occupant buyer seeking to offset living expenses with rental income or for an investor looking for a well-positioned, low-maintenance asset with reliable cashflow.2417 Cecil B Moore Ave delivers both stability and upside in a fully updated, turn-key property.
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