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$ 670,000
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Active
4718 CEDAR AVE Philadelphia, PA 19143
2,610 SqFt
UPDATED:
10/21/2024 05:57 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,610 sqft
Price per Sqft $256
Subdivision Cedar Park
MLS Listing ID PAPH2396286
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,942
Tax Year 2024
Lot Size 2,087 Sqft
Acres 0.05
Lot Dimensions 21.00 x 99.00
Property Description
Excellent opportunity to purchase a 6-unit multifamily property in a fabulous location! 4718 Cedar Avenue is in the wonderful Cedar Park section of University City, Philadelphia. The building features 6 apartments (3 studios and 3 one-bedroom units), all of which are currently leased. Current rent roll is $5520 per month + $120 water fees. Total gross income of $5640 per month, $67,680 per year. Rent roll: 1F $925 (+$20 water) thru 5/31/2025; 1R $1050 (+$20 water) thru 3/31/2025; 2F $975 (+$20 water) thru 6/30/2025; 2R $1050 (+$20 water) thru 9/30/2025; 3F $560 (+$20 water) thru 4/30/2025 (long term tenant); 3R $960 (+$20 water) thru 3/31/2025. Each unit has individually controlled electric baseboard heaters paid for by tenants. Owner supplies hot and cold water. There is a coin op washer and dryer in the large common basement. This property is very close to parks, the bustling Baltimore Avenue commercial corridor and public transit, making it one of the most convenient locations in University City. Schedule your tour today!
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881703100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Christos Tzimoulis • New Age Realty Group Inc