Property

Philadelphia, PA 19150 7724 Cedarbrook Avenue

7724 Cedarbrook Avenue Philadelphia, PA - Image 17724 Cedarbrook Avenue Philadelphia, PA - Image 27724 Cedarbrook Avenue Philadelphia, PA - Image 3
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7724 Cedarbrook Avenue Philadelphia, PA - Image 47724 Cedarbrook Avenue Philadelphia, PA - Image 57724 Cedarbrook Avenue Philadelphia, PA - Image 67724 Cedarbrook Avenue Philadelphia, PA - Image 77724 Cedarbrook Avenue Philadelphia, PA - Image 87724 Cedarbrook Avenue Philadelphia, PA - Image 97724 Cedarbrook Avenue Philadelphia, PA - Image 107724 Cedarbrook Avenue Philadelphia, PA - Image 11
Presented By: CG Realty, LLC
  • MLS# PAPH2414260
  • 10/27/2024
  • Request Tour
  • Request Info
  • Beds • 3
  • Full/Half Baths • 1 / 1
  • SQFT • 1,692
  • Garage • 1

Home Details

Investor's Dream: Tenant-Occupied Home in Cedarbrook, Mt. Airy Prime Location and Strong Cap Rate of 9.7% at the current rental rate! Welcome to 7724 Cedarbrook Ave, a fantastic investment opportunity in the sought-after Cedarbrook section of Mt. Airy. This charming 3-bedroom, 1-bathroom home is perfectly situated on a picturesque tree-lined street, making it an attractive option for both current and future tenants. The property is already Tenant-Occupied, the new owner will benefit from immediate cash flow with reliable tenants already in place, ensuring a consistent rent roll. The property brings in Strong Rental Income, as it has a proven track record of generating solid returns, making it an excellent addition to any investment portfolio. Featuring three well-sized bedrooms and a full bathroom, this home offers ample living space, enhanced by additional usable space in the basement. To top if off, there is private parking and a garage, as your tenant will enjoy the added convenience of a garage, a sought-after feature in urban living that can attract higher-quality tenants. Mt Airy is a prime location and Cedarbrook is known for its friendly community atmosphere, scenic surroundings, and easy access to local parks, schools, and shopping, boosting tenant appeal. With the rising demand for rental properties in this area, theres significant opportunity for future rent increases and appreciation in value. This property is more than just a house; it's a solid investment with a stable return. Dont miss the chance to own a piece of Cedarbrook's charm while securing your financial future. Schedule your showing today and explore the possibilities at 7724 Cedarbrook Ave!
Presented By: CG Realty, LLC

Interior Features for 7724 Cedarbrook Avenue

Bedrooms

Bedrooms Count All Upper Levels3
Bedrooms Count Upper Level 13
Total Bedrooms3

Bathrooms

Bathrooms Half Lower Level 11
Bathrooms Half All Lower Levels1
Bathrooms Full Upper Level 11
Bathrooms Full All Upper Levels1
Bathrooms Count Upper Level 11.00
Bathrooms Count Lower Level 11.00
Bathrooms Count All Upper Levels1
Bathrooms Count All Lower Levels1
Half Baths1
Total Baths2

Other Interior Features

LivingAreaSourceEstimated
Below Grade Unfin Area UnitsSquare Feet
Below Grade Unfin SQFT0
Below Grade Unfin SQFT SourceAssessor
Above Grade Finished Area1128
Above Grade Finished Area SourceAssessor
Above Grade Finished Area Unit TypeSquare Feet
BasementWalkout Level, Space For Rooms, Rear Entrance, Poured Concrete, Partially Finished, Outside Entrance, Interior Access, Heated, Daylight, Partial
Basement (Y/N)Yes
Below Grade Finished Area564
Below Grade Finished Area SourceEstimated
Below Grade Finished Area Unit TypeSquare Feet
Central Air Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Partially Carpeted
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 7724 Cedarbrook Avenue

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleAirLite
Association Recreation FeeN
CityPHILADELPHIA
Condo/Coop Association Y/NNo
Construction MaterialsMasonry
Contingency TypeAppraisal
Cool FuelElectric
CoolingCeiling Fan(s), Window Unit(s)
CountyPHILADELPHIA
DirectionsGPS to Cedarbrook and Upsal
DisclosuresNone
ExclusionsPersonal property of the tenant
Exterior FeaturesAwning(s), Exterior Lighting, Flood Lights, Gutter System, Play Area, Sidewalks
FULLFee Simple
Full Baths1
Garage Spaces1.00
Garage Y/NYes
HOANo
HeatingRadiator
Historic Y/NNo
Home Warranty Y/NNo
Interior FeaturesCeiling Fan(s), Crown Moldings, Dining Area, Floor Plan - Traditional, Formal/Separate Dining Room
Lease Considered Y/NNo
Levels3
Location TypeSuburban
Lot Size Square Feet1440.00
Lot Size UnitsSquare Feet
MLS Area19150 (19150)
ModificationTimestamp2024-12-14T19:07:44
MunicipalityPHILADELPHIA
New ConstructionNo
Other StructuresAbove Grade, Below Grade
Patio/Porch FeaturesPatio(s)
PossessionSubject to Existing Lease
Price Per Sq Ft Total AG177.22
Property ConditionVery Good, Good, Average
Property TypeResidential
RoofRubber, Slate
School DistrictPHILADELPHIA CITY
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeInterior Row/Townhouse
Subdivision NameCEDARBROOK
Tax Annual Amount2227.0
Tax Assessed Value159100.0
Tax Lot77
Tax Year2024
Total Actual Rent22200.00
Total SQFT1692
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
UtilitiesCable TV Available, Electric Available, Natural Gas Available, Water Available, Sewer Available
Vacation Rental Y/NNo
ViewGarden/Lawn, Street
Water Access Y/NNo
Waterfront Y/NNo
Year Built1950
Year Built SourceAssessor
ZoningRSA5
Zoning DescriptionResidential

Exterior for 7724 Cedarbrook Avenue

# of Attached Garage Spaces1
Foundation DetailsPermanent, Slab
Garage FeaturesBasement Garage
Horse Y/NNo
InclusionsAll real property, including landlords applicances
Land Assessed Value31820.00
Land Use CodeR30
Lot Dimensions16.00 x 90.00
Lot FeaturesFront Yard, Rear Yard
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Parking FeaturesConcrete Driveway
PoolNo Pool
Road ResponsibilityCity/County
Total Parking Spaces2
Type of ParkingAttached Garage, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $199,900
MLS#PAPH2414260
List Date 10/27/2024
Property Type Contingent
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