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Karen Scarpa

[email protected] +1(732) 631-4514

$ 670,000

Est. payment -/mo

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Price Dropped by $25K

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

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

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

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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East Brunswick, NJ

Karen Scarpa

Karen Scarpa

4718 CEDAR AVE Philadelphia, PA 19143

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4718 CEDAR AVE

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